Single-family homes is for strategic and savvy investors, as bedroom count is king, especially as they target the multi-generation family and group-booking tourists. 

Since then we stayed focused on new construction of single family homes, eventually segueing into small multi unit buildings (3 & 4 units), while doing some interior condo renovations here and there to keep generating revenue until the new builds came to fruition.Overall, my hot take is: New Construction for the win.

This would generate $350K that goes into your 1031 with the requirement to use that $350K to purchase at least $500K of real estate. 

Offering something not typically done in your market won't generate a return. 

If your 2 bedroom 2 bath units can generate $2,800 each.

Once you begin to generate leads that fit their recent purchases/want to buy, run the numbers based on the ARV after repair value for after when they develop/fix n flip and subtract cost of build/repair, your assignment fee, and the original cost of the contract.

Standard Operating Procedures (SOPs) for lead generation, follow-up, marketing, etc. 

Building out a lead generating machine.

As older generations pass down wealth, younger people may find themselves in a position to afford homes, counteracting some of the affordability issues caused by market conditions.

If you have a very strong STR market and are in peak season you could generate quite a bit of revenue in a couple week gap between MTR guests.