There are some other dynamics that also will likely play a factor in making the situation great for investors...such as runup in home prices and interest rates probably created a permanent renter class of society. 

When it comes to choosing between a turnkey property and a fixer-upper using the BRRRR strategy, it really depends on various factors, including your market conditions and where you are in your investing journey.

Originally posted by @Brian Winberry:Regarding not seeing a program worth 5 figures could be a subjective response though....I have seen one, or two out of all the ones we have showed up for out of curiosity in the real estate arena in general....In my opinion (and just my opinion), the expected value of a typical deal, the length (in terms of time) of the deal and the likelihood I'd actually complete deals after the seminar are three big factors in what's a reasonable price for education.For example, I could never justify spending $20K to learn how to make money on things that cost $50 to sell and the average transaction time period is one day.

However, if one property is overseas, there might be additional considerations to factor in.

Your property type and location are key factors in determining this.

The city has good macro economic factors and a strong economy - I looked for cities that were at least better than the national average when it came to population growth, wage growth, median sales price growth, etc 2.

Yes, you do get income on the other side, but the prices have bumped up so with interest rates and less inventory to buy, the net income is much less than a few years ago.You can still do it, you just have to factor that in and expect negative cash flow while you live there and then see how good it will be when you leave in a year and do it again.

Due to the geographical factors that make Reno/Sparks fairly locked in, and the lack of multifamily zoning in Reno. 

Now if you want to buy and live there forever or you want a specific location or lifestyle or the amenities, might be something to consider, but not for investment....they're for living.Your best option right now depending on your income, is probably to buy at least 4bed house or 5 bedroom if you can make it work financially and rent bedrooms. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).