I have bought 3 fixer uppers and did pretty well off all 3. Sold 2 for about a $100k profit and the 3rd is currently a rental. I am in the process of buying a turn key due to tie restraints for my apt lease ending. Moved far away from home a year ago and had to get a apt. We are also in the process of another fixxer upper/ rental unit.
I wouldnt reccomend the project if you are not a handy man. Things like plumbing and electrical work can be VERY EXPENSIVE and then you end up not having the $$$ to finish the project. If you do go for it tho I would be sure you have enough to pay for 2xs what you expect to because without good connections it will be expensive. Good luck either way.
