These are big money plays life changing profits but RISK you bet..

Ideally it would be beneficial if this is also in an area that you would have interest in visiting from time to time since it is a good idea to still check on properties in person from time to time.

Cities don't play fair when they decide to go after you.One thing I would also suggest you do is look on AirBnB for the specific building you want to buy in. 

I also understand accounting and legality may play a role.

Ideally, I would like to use the BRRRR strategy with a small multifamily to start. 

.• Our strategy: Buy a fixer-upper SFH in a “B” neighborhood, ideally with ADU (accessory dwelling unit) potential.

Hey Jonathan,I found contractors through refferals and facebook groups, those contractors were great but they are not experienced in new construction; plus with me being out of state it would be ideal for me to hire a GC, instead of sub hiring ( i dont have time for that being far away),I am switching from rentals and fix and flips due to there's just more profit when doing new construction, and way more deals!

I guess an appreciation play would be the only thing that makes sense over here.

the one that broke even was a fix and flip play that the fix happened but the flip did not work. 

You're not playing  landlord anymore, but can make some $$$ if/when you need to.