Not everyone fits this criteria and that's where having a solid broker comes in handy. 

We just chose decor that fit the idea of a nice lake house.Sometimes a place can just design itself based on location.

@George Munoz if you are wholesaling or flipping homes, you should definitely join Collective Genius (CG).CG is solid, message me for a contact person if you are interested.I buy large apartment buildings and when I was a member of CG, there was a small group who played in the multi, storage and syndication space so it wasn't a fit for me long term.Last deal I bought was a 1,000 unit apartment complex.

Will they fit your scenario?

I would say, a smaller few person firm (or single person) would be a better and more economical fit for something small like this. 

It probably does not fit in most standard Insurance companies Builders Risk Guidelines. 

Lots of these smaller philly row homes are actually being converted from a 3 bed 1.5 bath to a 2 bed 2.5 bath and are getting a lot more success on the rental and sale sideBecause 1100sqft in a rowhome style is super tight and that 3rd bedroom really loses its use to its size. some of these spaces can barley fit a twin bed a dresser.

@Phil AveryConsidering your financial situation and the current market conditions, each of the options you're contemplating has its own merits.Given your inclination to begin with a significant amount of equity, option 1 may be a good fit for your objectives.

Aside with what others have said, you’re only diversifying by two (residential and fitness).  

I was recently advised that BRRR is probably not a food fit for me and flipping could work better.Any thoughts on that?