Just taxes will be 20k.I would run numbers like this:Property 1.5 million (minimum)Construction (Cheap end) 2.14 mHolding Costs (at least 150k)In my book, even according to your calculation, that means you put in at least (those numbers are on the low end): 3.8m! 

From my experience, this is a very seasonal market.

Now if you are seasoned and portfolio is mature and you are not as concern about maximizing income then I can see a migration to SFH might suit someone.  

Quote from @Aaron Zimmerman: Quote from @Bonnie Low: My current CPA came via recommendation from another investor.

If you are in a large metro area, it's a slam dunk.You can get semi-antique persian rugs on FB Marketplace for the same price you can get a cheap fake at Lowes. 

So, go with a good solution on the deadbolt.Screw a lockbox in a wall near the door for an emergency physical key.Find a locksmith that can rekey the doors between tenants - put ALL locks on the same key.Most electronic locks warn you when the battery is getting low.

It’s a low-risk entry into real estate with built-in cash flow potential.

They used lasers to find the low spots and used "push piers" to lift those areas. 

Rehabs can have great upside but the risk when education is low can be detrimental and burn you on investing before you hit your stride. 

Not too bad when the inventory is low, the number of sales is low (like a 30 year low), interest rates are high and prices are high.