The people here have a vast amount of knowledge and are more than willing to share their experience and provide sound insight and advice.

I want to use the BRRRR strategy to develop my portfolio, but I need to expand my knowledge of the market before can dive in with my first property.I look forward to meeting and working with the BP community.

My Dad likes to buy these types of properties and turn them into rentals to collect the extra cash flow from the non-conforming units ... double bonus if it is in an area with college rentals (that tend to rent by the room) or airbnb.

If you're in a very competitive market you may want to get the house staged (filled with furniture) for marketing purposes.If you must list it in such a way as to disclose the address (for example you list it with an agent as a rental) please spend the extra $15-20 bucks to install a simplisafe alarm system: this is an inexpensive alarm system that works over 3G cellular networks.

As a new real estate investor, you should start in your own back yard where you have the advantage of first hand knowledge of the market, the customs, expectations, laws, and a network of friends and acquaintances who can help with advice.  

You can just put it as the first item on your extra 20% budget of unplanned expenses that you budgeted for, right?

Well selected local, hands on REI beats the heck out of DGI, though ... but you work for those extra returns and to maintain that extra control; it is far from passive.

It is that easy to gain more knowledge and be more skilled when it comes to the real estate industry.

I think in your situation, I would be using the extra savings from your very low rent to pay down debt and build savings.

@Jesse Mills  Just in the for whatever its worth file if I get a message from anyone that even looks canned etc I turn them in for spamming.. you need to make your messages somewhat personal and take the extra couple minutes.. don't just cut and paste