The easiest spot would probably be the dining room and change the office to more of a smaller dining area. 

Drawing from your industry expertise, what would you consider the average success rate for Fix-and-Flip investments, and which localities offer the most potential?

.)- Average days on market- Absorption rate- Historical data on rents and sale prices in the area- Population growth- Main economic drivers (industries, individual companies, etc.)- Crime stats... if you know specific zip codes/submarkets that you'd like to target, the best data will come from local precincts. - and more..I'd recommend remaining active not only here on BiggerPockets, but in other valuable RE investment networks that you can find - i.e. local meetups (meetup.com, eventbrite, BP local events). 

Actually, I spotted your comment as an after thought, insignificant to me.

Quote from @Mohan Sadashivaiah: I would like to know if Data analysis in needed in Real Estate industry.

These are the different properties that are included in the 1031 exchange requirement: commercial buildings such as offices, schools and different establishments that are important for the population, as well as single family rentals, multi family rentals, industrial facilities, and even raw lands are included in the like-kind.

I think you want both, cash flow and appreciation, that is the sweet spot.

I’ve found weekly check-ins and a shared project tracker to be lifesavers, helping you spot delays before they become major issues.

It doesn't take long to learn how to spot a good deal.6.

The minimum hold we tell our clients is 2 years with the sweet spot being 5-7 years depending on the property.