Then, you acquire one Rental in the same way...Motivated Seller with a Fixer Upper in a good enough neighborhood so that you can move into that one when you Sell you Home and you have the Basic, Real Estate Investment Machine.

You're better off above the $100k mark in a high-quality mid to upper middle class neighborhood.

My guess is you will find lots of folks who would do the leg work and give you a percentage of the profits.

I've got the Realtor, the Inspector, the traditional Lender for the cash out refi, a few thousand dollars, and a lot of optimism to step into the BRRRR game.My realtor and I have discussed the "fixer upper" homes in the area compared to the ones that actually sell and they generally range from $20,000 - $35,000 for something that could be fixed rather than burned down and the other "normal" properties that the fixer uppers compare to are going for as high as $70-$80,000. 

I am in the process of evaluating the multi family market around the Delaware County area, specifically Drexel Hill, Upper Darby, Glenolden, and Ridley.

I have been thinking of getting into real estate either investing in a rental property or doing fixer uppers.

Do you think it would be better to try and find a house that is more turn key but will be getting close to our spending limit or more of a fixer upper to where we can afford the house but would need to put money into it over a few years ...

It seems that you'd want to start with a purchase of a fixer-upper first, but what about properties purchased through 30 year conventional loans? 

(about 45 min north) because its close enough to everything looking at buying a 4bdr for about 170k.. 225k is the upper limit of what my slightly educated guess would be.

@Rami W.That the price did not appreciate and rent did not up as much as the rest of Phoenix.... is that due to the location that I picked, that is my question........Island in Gilbert and Sierra tempe in tempeThese are considered "upper middle" area in $400K price range properties....