Killer deals vs decent deals

[John T.]

For buy-and-holders out there -- you've likely decided to focus either on:

• finding awesome deals, rehabbing and renting
   -- vs --
• finding properties that are pretty much move-in ready or (my favorite) already occupied with good tenants.

How did you make this decision?  What factors played a role for you?  Especially if you're a remote investor.

Numbers-wise, I know I can get better returns with BRR (buy/rehab/rent).  But in terms of peace of mind as a busy out of state person, I lean more toward the move-in ready investments.  I want some arguments to help me either feel better about my choice, or seriously reconsider my strategy.