ROI vs ROI: Same ARV but DIFFERENT SqFt!!!

[Pierre E.]

Within one MSA, would doing a flip on a property that has less square footage same final ARV be better than doing a flip on a larger home with similar ARV? For example an inner city rowhome vs 30 min away a detached small mansion with the same general ARV. Am I thinking about this the wrong way? Smaller house less supplies? Or do contractors tend to up their costs regardless?

If someone did a live in flip for example, how might one type of property be better than another?  

[Bill J Fay]

Assuming the two have the same ARVs, can you buy them both for the same price on the initial purchase? Is the higher sq ft home a cosmetic flip while the rowhouse is a take down to the studs reno? If apples to apples, the smaller home should be less risk, but I don't think it is as black/white.