I just read through it, not a bad program for beginners as long as you know to be humble with the weight at the start and don't overwork yourself. Right amount of strength and conditioning too.
What I do is Jim Wendler's 5/3/1 with my own assistance and conditioning exercises, it's a great and simple plan that will get you results and even has a great app to track your progress. You could jump to it once you are done with Liftwaffe, since it can be used long term.
One other advice I could give you is to work on your flexibility and start with ATG Squats from beginning. You will lift less weight, but will get A LOT more muscle engagement from your squats.
Building grip strength is also important, so don't skip those farmer carries and any time you are lifting plates to put on the bar use 2 hands only when you absolutely must. Every time you touch a plate with your hands turn it into a passive grip strength training.
Also I agree with what the Liftwaffe guy said about machines being a waste of time, 100% true.
That's what comes to mind for now, if you have any questions ask away.
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