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?

buying the first random property you see that needs a rehab likely will not work - every component for a BRRRR has to be in place at the start or it will just turn into a money pit.

You don't really know what you don't know until you are faced with the challenges themselves and a great way to do this is to partner with an experienced investor in your area and do most of the legwork on the deal and have them offer more of a mentorship component. 

Most PMS systems have a channel manager component included, but true channel managers are more robust and usually connect to PMS. 

Monthly cash flow is one component. 

Using your duplex as an example, you want to be looking at leverage - what components of the transaction (including soft costs) will the bank finance and will they capitalize the interest reserve?

All the other component's of a home were vastly different, how people lived was vastly different.

Would anyone be able to give a quick breakdown of the various costs associated with planning and building an ADU in either your backyard, or as a garage-conversion in California? I'm talking about modest-sized JADUs o...