Can I use a BRRR strategy to purchase my first 2-family OO home?

[EDWARD M.]

Can I use a BRRR strategy to purchase my first 2-family OO home? I found an old 2-family home that seems to have lots of potential and is being sold by my mother-in-law's friend. It obviously needs work (not sure how much it would cost) but I was wondering what the best approach to this would be. I don't have much cash in excess of the down payment and prefer not doing 203 because I feel like I might have better options. Any ideas?