But I could likely triple my cash my monthly cash flow with a 1031 exchange if I do it right.

Moved back to San Antonio, got my real estate licensed, tripled that salary within a year. 

If the location is really bad, triple your typical pro-forma vacancy number to cover skips, delinquency, and bad debt. 

The rents look like they might still be on the low end so maybe there is some more room there to juice the numbers.I would suggest double and triple-checking your property taxes.

@Patrick Hendley, more than tripling your money in 6-10 months is probably unrealistic.

My uncle is executing the estate which consists mostly apartment complexes in California and two pieces of commercial real estate, one in Texas (double net dialysis center) and one in Arizona (triple net bank building).

The cops rented a place on-site, they never responded without double or triple backup. 

Take some time to consider the rental income of a vacation rental, and dig into the Bigger Pockets pages about Vacation Rental income https://www.biggerpockets.com/blog/triple-rental-property-profits-airbnb/My 2 cents is... if you're going to go down the path of Vacation Rentals... don't create a new job for yourself.

I just got it appraised because Im pulling a Heloc and its valued at $1.4M today... literally tripled in value in less than 10yrs.  

I'm invested in a couple (one is a multifamily operator and the other is a triple net lease operator) and am doing due diligence on a few others.