(Or a lot if you're dealing with a scam turnkey company, of which, unfortunately, there are a decent number.)BRRRR is much more active, you buy a fixer as you note, oversee the rehab yourself and then either manage yourself or find a manager for. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

But if you can save the 25%, that's often enough to take it from a break even to a decent profit.

I had a decent set of renters that are leaving after their lease is up at the end of this month.

However, you could look into a second multi-family in the meantime as long as you have a decent downpayment. 

I plan to make aggressive offers, 20-30% below market value, to appeal to motivated sellers.I've been considering these areas:BeechviewBrooklinePenn HillsTroy Hill & FineviewI'd love to hear your thoughts on these areas and get some more ideas for potential buy-and-hold properties.Thanks!

I am still in shock what the repairs cost are with a decent contractor who won't budge off his prices whatsoever. 

Quote from @Jordan Ryan: Yea I’m getting mostly around the same numbers honesly just very hard to get a a decent coc return with these rates.

Calling me a "newbie" would give me too much credit, but I do want to house hack when we move, and then look into rental properties if I manage to be a decent landlord.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.