To start learning Pallett - Vagabond chords, delve into these chords sequence to get the song's feel: Eb, D, Cm, D, Gm, Cm, Eb, Gm and Cm. For a smooth transition, initiate your practice at 51 BPM and gradually match the song's pace of 103 BPM. Fine-tune the capo based on your vocal range, ensuring it complements the key of Bb Major.