JMHO  I use a similar approach to paint sheen.

Without having much info, I would need to know the financial situation of the 'close family' to determine a best approach.

well I do plan on purchasing a duplex as my first investment and once I complete my Real Estate License during the time of my service I hope to be a lot more knowledgeable and approach SFH's to BRRRR but yes I understand!

The awesome Jacksonville PM uses the flat fee structure with the intention of avoiding managing low-end properties in "war zone" areas that require a more hands-on approach and pose higher risks to PMs.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

there you go. the problem is appraisal. comparable sales, and your approach to building an ADU against the recommendation of your market. super beginner strategy it's popular in ohio as well but just not worth the investment. 

While I appreciate that & don't want to push them out, they are well below market rate & the unit is a disgusting mess, approaching hoarder status.

Do you see any cases where a non-professional could safely participate in one of these with the right approach?

Anyone familiar with this approach?

Here’s the approach I’d take, blending strategy and action: 1.