@James Carlson If I could save 15-25% on a studio vs a 1 bed then I think it's worth it as long as the location is prime and there is something unique about the unit.

Miami, with its unique ecological situation, is in this category.Some cities have no raw land, so they must build up.

At the closing table, you promised to live in that duplex for 12 months.

This will more than likely present unique opportunities, but I do not yet have the real estate experience to confidently navigate and capitalize on such a situation (I have a few ideas though).With that being said, I've been researching the incredible world of real estate investing, and I am ready to take that first step, developing a strategy to enter the market.

I currently have two deals on the table and they seem to have great profit margins, per the Wholesale calculator. 1) ARV $118K asking $61K.  2) ARV $201K asking $80K.

I definitely left a lot on the table by spending to much in a lot of areas but I still had a net profit after everything of $18,000

I feel like I have a unique perspective of the industry being a contractor that caters to Investors.

I'm looking for more experience managing properties, but I have owned my own home since 2011 and now rent it out back in Wisconsin.I realize there are a ton of factors here, but it's a pretty unique opportunity.

But, I wanted to know if my reserved/conservative stance was warranted, or was I unnecessarily leaving money on the table. 

It is a unique approach.By the way, if you have questions about your specific situation, I may be able to help.