If you are still very prone to analysis paralysis, turnkey might be the better first choice as a BRRRR is likely to present you with more challenges and decisions to make.I don't know you well enough to know which will be best suited for you.If you have a good team you can rely on for the BRRRR, that will always get my vote. 

@Thomas Loyola you haven't addressed the Class of property you intend to buy, so your assumptions could be too low or too high.Your biggest challenge is you are assuming you have to pay asking prices!

If you are getting a true turnkey home that hit's the 1% rule there's a very high probability you are in a more challenged area where the residents aren't as consistent over time. 

I used a promo code provided at the end of a webinar and paid for one full (discounted) year after attending "The 90 Day Challenge" with Dave Meyer.Attendees who purchase the Pro membership are supposed to get the "Real Estate by the Numbers" book as well.

We have spoke to banks in the past and its challenging to find ones that will do a C/A on a first but the ones that would consider it would not do it on a 2nd.

Challenges?

I know cash flow can be challenging in Texas but if you are anywhere near break even it's a win as long as you're in a good area because values are only doing one thing over time in that DFW metro.

Challenges?

If we were a GC and had cashflow for 2+ years and positive NOI they would consider a small business loan but outside of that, its challenging getting a business loan for real estate.

Hi @Hassan Oukacha - Being from Texas you would need to either get your real estate license or use an online service like Inestway.com or Propelio.com - both are brokerage websites that offer true MLS sold comps for you.Full disclosure I am the co-founder of Propelio.com, but there are other sources like investway that I mentioned.