One of the big factors in your analysis is the difference between renting this property for a premium but enduring taxes vs the tax free nature of the 1031 allowing you to leverage into two homes with a combined higher rent thus compensating for the taxes.From a 1031 perspective it is perfectly fine to sell a house immediately after you fix it - if you're intent when you bought it was to hold it for productive use.  

A very stark contrast to my prior career where many times I felt like I was just enduring the passing of time waiting for the weekends and a salary check that allowed me to keep paying bills. 

So many view real estate as easy money but the reality is that is requires a lot of time, focus and endurance to make a living at this.

You get paid and learn at the same time.There is no short cut to enduring success.

Education and experience are critical to enduring success in any profession.

Yet, the fundamental does warrant consideration when exploring for enduring investment opportunities for a young, career-minded real estate investor.

And, yet ...There is more to successful and enduring real estate investing than the numbers.

Knowledge and experience will lead to easier and greater enduring success if you intend to make the real estate business your profession.

And, yet ...There is more to successful and enduring real estate investing than just the numbers.

But this deal is 5 roofs, 5 mainlines, 5 paint jobs for properties that are probably enduring the max wear and tear.