Thinking about changing my strategy

[Steven Booty]

My current REI strategy is to find a 2-4 unit property. However inventory is low with many decent properties being out of my price range (~$350k +/-) or in need of serious repair (foundation issues, etc.)

I'm thinking about getting into a flip/BRRRR strategy since there seems to be no shortage of single family homes in need of updating/repair in my area (Monmouth County, NJ).

Some facts on me:

- Currently renting, but I'm not on the lease so I could leave whenever

- Full time job

- I have no primary residence yet, so I'd use a FHA or other owner-occupied loan

Should I stick it out and keep looking for a good multi? Should I get my feet wet with contractors and single family homes? What does BP think I should do?

Thanks!