First Rental, BRRRR or Buy and Hold

[Hariharan Elavarasan]

If the local area wouldn't really make sense to do a BRRRR, is it better to buy a property, fix it up just a little and then start renting? Single family or multifamily

I‘m estimating about 20,000 for 1400 sq ft MFH, but if the houses in the area aren't also fixed up and selling for a good ARV, then should I focus on a different strategy for my first purchase?

What has worked for people that at least gets them equity? I’m fully prepared to not be disappointed when i see a a small cash flow for my first couple purchases.