I understand what makes a deal workable number wise, things like the 1%, 75 ARV, a good ROI are good filters. 

If you decide the new rent price is not workable for your budget, I totally understand.

If you just don't want to do a house hack that's one thing but if you would be open to it, perhaps a more rigorous search would find something workable...

Talk with people, network, and don't miss an opportunity to share your passion for real estate and you'll be surprised how often workable, profitable, deals find you. 

That said, I still have LOVED my personal house-hacks and most of the ones my clients have done because the numbers tell a beautiful story and being able to eradicate your cost of living is to-date one of the most powerful financial levers I know of.Single family homes can still make a workable house-hack and the magic of it really comes at the bookends price-wise. 

Second, I would analyze the numbers on multiple properties and see which locale has the most number of workable deals.

A bad PM can ruin every deal and a good PM can make a bad deal workable.

If you are getting a place on the cheap - especially in today's market, you might have LOADS of work ahead of you in repairs prior to placing a tenant (or 2).Still workable, but that's what I see from the info you presented. 

If doubling down with more work and funds is not going to override the location or workable, sell this week, right away, fire sale and call it a day.My theory is to never throw good money after a bad pick.

I'm not saying these aren't workable strategies and I know of people who have made a killing doing subleasing especially in places like New York city, but even among those many of them are doing it without disclosure and exposing themselves to a lot of legal liability in the process, and the work required to set these systems up is as difficult if not more difficult than building a fully above board business.