So my enjoyment of renovations can be on a small built-in, or a nice piece of woodwork that I truly enjoy; not in my kitchen forcing me to eat microwavable mac n cheese from my lap.

However on the property is also a cottage that's a 1bed 1 bath and kitchenette.

@Tato Corcoran  -  I have a cottage on the water and choose the strict cancellation policy. 

Is it parks of cottage sized homes?

The property comes with 30 acres as well that could be turned into some sort of investment opportunity; ie. cottage rental business, campground, etc.

And their pepper jack cheese stuffed boudin balls are last meal worthy.

The overall character of the area is definitely a large factor as it will determine the type of tenants living there/demographics: Yoga/Orange Theory studios, Whole Foods, Starbucks, micro breweries, wine and cheese shops, public parks, bike paths, green spaces, public transportation, good schools, nice restaurants, cranes/new construction, low crime rate, high prices all indicate a Class A area whereas boarded up buildings, lots of Payday lenders/check cashing stores, dollar stores, fast food, liquor stores, homeless shelters, army recruiting centers, addiction recovery centers, industrial areas, dumps, shoes hanging from power lines, junked cars lining the streets, high crime, blight, abandoned buildings, urban decay, burnt out buildings, low prices, low rent, etc. would indicate a Class D area.It's really pretty subjective though, I'm not sure there are universally accepted definitions but rather just people's opinions.

Look up laneway houses in Vancouver (which has a cottage industry of high-design ADU architects like Lanefab), and ADUs in Austin, Denver, Portland, Los Angeles, and elsewhere. 

Completely rehabbed the front dwelling (2bd, 1ba Folk Victorian miner's cottage) top to bottom and added 1/2 bath.

It's better to lose some cheese to get out of the trap.