What can i do to improve or make sure this real estate investment plan works?

My LLC is alreaady set-up and right now im just learning the basics of real estate as a whole. I have a written plan that i really like. I'm thinking about buying a slightly distressed property that's located in a good location. My ideal property is a 2-4 unit. Every property i plan to acquire will be for the long term so while these units are being rented i'll make improvemnts to boost of value. Now, i have tenants paying off the mortgage and the improvements im makeing is adding value. I figure after 5 years or so the property will appreciate at a good rate. Thn i'll refinane and use the cash to purchase more investment properties and so on and son. Im also interested in foreclosures and buy and flip strategies and tax liens and notes and deeds but for now, buy and hold. Help me.

Wrong, Wrong, Wrong...Never buy a property banking on it's appreciation. You need to be buying because of the equity already built into the property. This is a buyers market right now and if a property doesn't offer good equity you should walk away. You need to do a lot more research about this business before you start doing anything. Just the approach you are talking about taking is why you see so many people in trouble with foreclosures today. Please learn how to evaluate a property looking at cash flow, taxes, maintenance expenses, vacancy rates, and much more before you make a mistake that may bury you. Once you fully learn about the effect of these things you will come upon a strategy that will work for you. I don't care what all these so called gurus claim they can teach you, there is no magic formula that fits everyone. Knowledge of all these methods will allow you to come up with a plan that will work for you. If you are willing to put in some hard work you will find it to be a fun and rewarding adventure. Good Luck.

good luck