The property already had septic, water, and electricity from a home that had been demolished.

I would say each property should be around a bare minimum  150k per for a standard row home in relatively decent shape. 

Fuel for the day: Cucumber Botanical soda water, zest of lemon, and a dash of Guaranaplant extract.

Rabbu is also solid, but the standard for lenders is AirDNA.

I set standards for and apply them equally to all applicants.

Figure out ways to source off-market deals that are closer to meeting the criteria you are looking for (The higher your standards, the more difficult it will be, but that's the point of good deals).

The site already has power and city water.  

.- Monthly cash flow from day one- More properties that are fully separated metered -- gas, electric, hot water all metered for individual units- Significant increase in property management -- evictions, late rent not because somebody simply forgot to press "send," potential domestic issues, issues between tenants, etc.

Standard loan sizing 75-80% LTV; 1.20-1.25x DCR; 30-year amortization in Top & Standard markets.

I agree, properties near the water appreciate well as more people like to be close to the beach.