The high property taxes takes out most of the profits. 

83k profit Lessons learned?

But that also depends on your down payment- putting only around 20-25% down is hard to have a profitable STVR.Ultimately with STR v LTR, I'd be mainly curious about your intended use of the property. 

I’ve been investing in RE for 10 years and hitting 19k/month profit not counting things breaking or vacancies.

@Alex Hymanson  you should read the book...Storing Up Profits. 

With DSTs you need to make sure that the various fees don’t negate your profits.

After analyzing the potential ROI, we negotiated a fair price of $58,500, ensuring room for renovation costs and profit.

If I add up all the lender fees and my holding costs—like points, origination fees, and interest —I can figure out how much profit I’ll make and what my maximum offer should be.

We sell the property and each side get their money returned off the top then we split the profits 50/50.

The goal is to rehab this house then rent it to a qualified tenant until my fathers passing, at that time he has it in the will that the property is to be sold and then the profits are to be divided up between the family.