Many who started out as Novice beginners with fix and flips and now do large new construction and Multi family projects. 

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

Implementing water-saving initiatives is a smart way to reduce utility costs.

In addition, suncoast will charge you a 1 month rent just to get the property filled, so you are already starting off massively underwater.

Get a stable income, job and start with going the simple route.

To get things started was curious from those that have already taken the leap as to what type of secondary analysis you all are doing when you find a potential property?

At the beginning of the year, I have started to self-manage. 

It's no guarantee but it's a good place to start.

I know during covid some started giving them access remotely, but this is exactly why I think it is a problem. 

This is not a great return, but not terrible.As others noted, there are other risks, like having the property insured at full replacement or purchase price, or if the option is 100% seller financing with no money down or very little, versus 20% traditional down payment, this can start to move it into a better investment.