I find it interesting your style of confidently assuming the future, then impulsivity based on that assumption.     

Go to meetups in your area to meet other investors who invest in Section 8 rentals to see if that's the type of property and management style you want.

A minor kitchen remodel includes replacing cabinet door fronts with shaker-style wood panels and drawer fronts and adding new hardware.

What is your management style - hire PM or manage yourself? 

Another thought is converting my Cape style home to a multi family.

Olu - Assuming the geography and style/type of building fits your criteria (others have made comments that you should consider) the other part of this discussion on whether this is a "good deal" is the ability to increase the NOI of the property over time.

Lol, 'the 70s were a weird decade fo builders and the lack of any particualr style is a setback as well.

I, instead, invest in midwest markets (Memphis and Detroit), mostly doing BRRRR style purchases.

One option is to fix it up & then borrow on the equity sort of BRRR style.

I can’t say that I’m familiar with the style of foundation that you have but from my experience, concrete cracks.