That one month of lost income will take seven months of cash flow to recover.

You subject yourself to a lot of risk on DIY.   

@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

@Allende Hernandez what happens if one or more occupants move out and the others stay?

Lots of different areas of RE are available here.

Not sure if I'm doing something wrong but the map here used to shaded in terms of the filter selected (i.e.

Really looking for tips on what to do from investors who have been in this type of situation.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

What is the financing vehicle? 

This is what I recommend to new investors who contact me asking if these numbers look good.