Opportunity Cost: Turnkey vs BRRRR?

[Account Closed]

Hi BP members! I'm an aspiring multifamily investor from Memphis, TN. Currently in the learning and information gathering stage, I am trying to wrap my mind around the major differences and opportunity costs between choosing to buy a turnkey property or to BRRRR. Can anyone share personal experiences with whether they chose to buy Turnkey or to buy and rehab? Likewise, if you've had experience with both, I'd love to hear how you chose which strategy to utilize and the pros/cons for your investment in each situation! Whether you have experience in SFR/SFH, multis, or something else - I am interested in hearing all different perspectives!

Thanks