A lot of flippers and turnkey companies taking advantage of "hyped up investors" and selling them Class C & D rentals without telling them the whole story.Not sure there's anything wrong with the Memphis market, but did hear Nashville is slowing.Detroit is still growing and we've helped a lot of investors with "BRRR Turnkeys":1) We help source a "fixer-upper", but don't really care who you buy it with2) We handle the renovations, providing bids & video completion updates3) We find a tenant4) We manage the property It's cheaper than buying a Retail Turnkey AND you know exactly what rehab was done and the quality of all the work that gets hidden behind drywall:)DM us if we can help with anything else.

Cutting to the meat of the situation, I came across a property that looked like a fixer upper, typical investment grade property.

We are right across from a large high school.The upper unit is larger and gets different people but I wanted to point out the current guests.

I fully renovated the upper unit with well-above-average finishes, and it's been averaging ~$2,850/month in gross rental income over the past 12 months as an STR on Airbnb. 

Do you want to buy fixer uppers or more stable assets?

However, what I would suggest based on your expertise as a contractor is going into a semi-fixer upper and make minor repairs to boost equity as well as savings. 

I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well. 

A lot less demand will be tangible in areas that are not on the upper end of the K recovery(finance, tech, industrials) which will display real pent up demand. 

I bought my first Multi-Unit (Duplex) and I'm gearing up to find my first SFH/Fixer Upper so I'm trying to build my list of resources for available properties in Atlanta and surrounding areas.

Are you looking for something that's turn-key or are you willing to purchase a fixer-upper?