Hey TJ,I have been executing the brrr strategy to reposition 1-4 unit properties in and around Pensacola for myself the last 2-3 years.  

I have a colleague who would be able to discuss strategy and next steps if you're interested.

Best thing you can do is find Whole Selling Real Estate books and start reading about their strategies. 

Plan on looking at all leases, all unit interiors to access any repairs that need to be done or any upgrades your strategy calls for. 

Is there a strategy that anyone can reccomend

I know of many people getting into REI using wholesaling as a capital growth strategy but that's not for me and I think I would really enjoy this specific strategy you are talking about here to be honest. 

At the same time, I'm aware that this is a tough time to get started in the real estate market cycle, so I'm also committed to finding an amazing deal even if it requires a lot of upfront work.I've targeted buy and hold rental as my #1 strategy and the next step for me is choosing a market.For more background on myself, I grew up in Seattle, WA and since then have lived in Phoenix AZ, Chicago IL, Steubenville OH, Charlotte NC, and am currently in Montclair NJ (and I'm only 24!).

We anticipate a drop in effective occupancy early on as we implement our takeover strategy and begin renovations. 

just so you know ... buy and hold investments are a long term strategy that does realy provide any cashflow until about 10 years, if done properly. 

Much appreciated.With the collective wisdom of Bigger Pocket experts, I was trying to determine if I was missing some asset protection strategy that is standard with landlords..Thanks again!