The crucial component is you have to have an excellent property manager.

Many towns/cities have a boom or bust component (for quick reference, check out the price of homes now compared to 2009 levels- in many areas across the country we're just now seeing prices come back to those heights).

Many people underestimate the importance of referrals, yet it is a critical component of real estate investing.

Some of those options depend on the length of the lease agreements for the MTR components. 

Anyone else have project/buildings on hold due to meter stacks or some other big component of your build?

Real estate investing is a component of a well balanced portfolio.

These start from limited service hotels with no food and beverage components outside of your complementary breakfast. 

Adaptability, liquidity and constant management are key components to the success of any business.Theres alot of great suggestions in the responses, but in the end it's all up to how you want to run your business.Very best to you 

This is likely going to mean a distressed property meaning a larger rehab and potentially a forced appreciation of an additional bedroom adding an additional story, finishing the basement whatever that might be, but finding that potential is where your delta or margin is going to be between the cash invested and ARV is where the "low risk" is built in for my and my way of thinking.Additionally if you want low risk on the vacancy side of the equation leaning towards multiple units to spread that risk out is always a good play as well.I also think "variety of exit" or flexibility in an exit is another major component to "low risk".  

For cost segregation studies, they are able to provide a deeper dive into the components of a building which helps create more accurate cost allocations.Why is this beneficial?