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. 

Starting out in a high-cost-of-living area can be challenging, but it also presents unique opportunities if approached strategically.

-Tax Deferral - First, any capital gains on the money reinvested in an Opportunity Zone Fund will be temporarily deferred.

I’d say investors that choose better locations and better properties within those locations will have a much better chance of success as the big risks will be minimized (by better properties I mean with less deferred maintenance, not necessarily newer but newer can sometimes reduce operating expenses, or older with “good bones” that are well maintained, especially if you’re needing to outsource any work and manage it remotely).

Hi Everyone, I just found out about Prime Corporate Services (PCS) and had a phone call with them recently where they give their presentation.

.--- We see 700+ credit scores all the time and their only accounts are student loans in deferment. 

For the seller (John) to defer capital gains via a 1031 exchange, the sale proceeds must be reinvested into like-kind property within 180 days.

ARV can be somewhat subjective and lenders that uses an appraisal for hard money loans will defer to the appraisers opinion. 

And that was my understanding (the basics, at least :-)...Given that, the scenario that Bob presented in Deal 3 above seems unlikely to play out legally...

This Meadowbrook Dr SE property presented an excellent opportunity due to its favorable location and untapped potential.