I would also share pros and cons of paying taxes on the windfall versus owner carry.

Is there a strategy to do a BRRRR with little to no money out of my own pocket?

STR feels more like a strategy to break even or eek out a meager return on a great asset than a strategy to cashflow.

that may work for others, but i don't have enough capital to do that, and the returns are in the tougher strategies (like STR - i didn't look at your other posts, but if you are successful in STR, that's great.) 

Start with the end in mind --- what would be the investor's exit strategy for this home? 

I was hoping someone with some experience would be able to answer a few questions I have, such as: What kind of deal finding strategies are most efficient in areas like these?

Talking to others also gave me insight into different markets and strategies, which made it easier to figure out where I wanted to focus my efforts.A simple tip I’d give is to start small and grow gradually.

Switch gears on your REI strategy.  

The deal is risky unless you know the market well, have experience executing this strategy, and have accounted for the quality of the asset and tenant. 

I like this strategy and plan to continue.