Closing costs can seem more expensive if you sink 10K into it, but the rewards validate the risk.

You could go oil/gas rights. 

Shelter and gas prices were more than half the monthly increase for all items measured in the CPI for March.Of note, recently you may have read quite a lot about the tremendous apartment unit growth we are in the midst of (as I have written about).

This allows you to adjust your budget as you go, based on actual costs incurred in earlier stages.Given the specifics of the property and the ARV, your $60k estimate might be in the ballpark, but it's essential to validate this with as much local input and professional advice as you can gather.

The issues seem to be Baltimore Gas and Electric takes forever to do an inspection - 3 months sometimes. 

Area has mix of older retail strips, motels, banks, gas stations, some QSR, a few independent restaurants, services (barber shops, etc.), and retail, warehouses, factories, and a business incubator for entrepreneurs. 

You want to investigate the full range of possible 1031 options (residential, commercial, syndicated, active, passive, oil/gas/solar, etc.) if you're hunting for income.  

A few more passive, but riskier, ways to offset w2 income are oil and gas investing and ATM investing which have funds. 

For example, SSN and validate it with a 3rd party background check company. 

Don't trust anything anyone says in Selfstorage it all can be validated.