We acquired this duplex at a remarkable 66% of its after-repair value, investing in a full renovation to maximize its potential.

It sounds like you have a solid plan for maximizing the property's potential rental income.

All the "recessions" are caused by greed......and what is greed.....technically speaking....its when some people think that they have found the magic formula of making a lot of money and then try leveraging...And that is why the "best of best" usually protect their principal first and then try to maximize their returns because a single zero can take it all away.

These regions are where I typically suggest looking if investors main goals are maximizing Cash flow/Cap rate/ COC return

.- You're right, if you want to maximize your first priority (positive ROI), you'll usually benefit more by finding an underpriced rehab on or off market and then developing it with an ADU and/or DADU.

Any thoughts or opinions would be greatly appreciated as we want to maximize the potential of the space.  

It's a 1bd 550.sqft cabin, maximizing every square foot to the highest utility value.

HI Mary,There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

HI Robert,There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

They should be involved in the selection of the investment property and giving input on how to maximize the return on investment.Finally, I would recommend you consider starting with at least a duplex if you can, so you hopefully always have a rent check coming in during a vacancy.To your success!