Cheers,Dan  Dan, investing OOS is like drilling for oil off-shore vs on land: everything is harder, you need different tools and skills, and everything costs more.

Beyond that there are hard money lenders who charge higher rates to take on more risk... but they again start by looking at you, your skill set, and your previous experience in both managing your credit, as well as your real estate investment history.  

I won't be ready to buy an investment property for another year or so, so in the meantime, I'm practicing my researching skills as much as possible.Thanks,Chris

Quote from @Sara Donohue: I don't know your market, your skills, your goals, etc.

Fixer uppers - higher risk higher reward potentialTurnkey - lower risk lower reward potentialDepends on your skills and how heavy of a turn the property is. 

I think BRRRR can still work really well under 2 conditions: 1) you have another substantial source of income and your capital is somewhat renewable (I don't) or 2) you're willing to compromise on your target areas and move to secondary, tertiary, or out of state markets (I am not) or 3)  you're very lucky and/or skilled at acquisitions (I am from time to time).  

What skills and experience you have that you think might be useful in the jobs you are considering.

The 5% work long hours and have great skills and can get along with people.

Without more information, I wouldn't give much more than general advice which includes pros and cons.Risk, potential rewards, and skills make a difference. 

sometimes i see people "overpay" - IE, pay more than I would - but, maybe they know something I don't, or have a skill I don't.and while I think the role of institutional investors has been largely overstated, they are definitely still one important factor, especially in certain markets.i think the tougher, riskier strategies still work, but i don't recommend those to beginners... because they are tough and risky.