Instead of simply wholesaling the property can you JV & split the profit evenly?

Finally if you go for a STR I would be sure to have one or two great exit strategies meaning you can rent it long term and at least break even, or you can sell for a small profit. 

Do you have a good correlation with the tenant (in terms of payment history, no eviction, etc) and the report that smart move generates?

Rural street with massive lots already has handful of remodels with some listing close to $1M ARV.From BP flip calculator:$900,000.00 After Repair Value ($460,000 List Price $200,000.00 Rehab Budget $150,000.00 Profit Estimated Repairs Total: $200,000.00Could use input on overall deal, as well as typical $cost/ft to add a second floor to bring total to roughly 3,000 sq ft. with a 2nd floor master and bath, perhaps an office or extra BR upstairs as well.

If Not You Can Negotiate The 2nd And Sell as is for a profit.

If I had $1,000,000 in my business account today, I'd buy three or four houses every month for the next year and make incredible profits. 

The new generation of investors, exposed only to crowdfunded deals as they are, have been conditioned to expecting immediate passive income gratification i.e. current pay on preferred returns. 

Upside: more units, potential good cashflow, etc.My overall RE goals are wealth generation (retire early) with cash flow second (but always appreciated). 

Are there any trends you're seeing regarding unit sizes and add-on that are assisting with demand, efficiency, and profitability in your market?

its great upside potential to buy under rented apartments. basically it is "profit left on the table" for you. that's if you can buy it on actual of course.for starters I check the rents on Rentometer and apartments.com , then i run it via my property manager juts to get a second opinion on the specific area.