One month of vacancy will cost you $2,600 + $200 utilities.

Same property listed water bill paid by landlord so how much does it cost to put individual meters for each property so cost can be moved to tenants? 

Low cost, possibly yes, but also possibly very time consuming and that has a cost.  

Do you understand the added complexity, work involved, and costs? 

The only reason I chimed in is a lot of folks might take this as gospel for any and all areas.

You should think through how much this will cost with architectural drawings, a good GC, etc.

If each property costs $200,000 and your only acquisition cost is a 25% down payment, you will need $850,000 (17 × $200,000 × 25%) in savings, an almost impossible amount for most people.

Target, actual 7.5% cap rate in a reasonable neighborhood.  

However, employer profit-sharing contributions (up to 25% of W-2 wages) are not subject to FICA taxes and do not appear on the W-2.To stay IRS-compliant, ensure your Form W-2 and Form 941 properly reflect deferrals, and maintain a reasonable salary to avoid red flags.

They are about the same cost (which surprised me) but for a rental property that is really probably mostly for pets, I'm concerned about maintenance and upkeep.