Question for professional rehabbers

[Chris Pelletier]

We are looking into buying our 1st rental property. We need to decide between purchasing a home that's currently rented or buying a home that needs some repair. We think the cash flow would be greater if we purchased low and put in some sweat equity into it BUT we are not professional rehabbers. Guess I'm just looking for someone to steer me in the right direction. What should we stay away from? What types of repairs pay off? Any advice you have would be great.