That ship of low rates that sailed could come back?

Sometimes people will list it low knowing that there are repairs. 

Until then, your typical buyer can't get their loan approved for your cash flowing property because appraisal will come in low. 

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.

Too many low income apartment buildings near by / vacant buildings. 

Success in this field doesn’t happen overnight—it requires years of strategic investing, continuous education, and persistence.The key is to focus on growing markets, quality neighborhoods, and building a strong support team.

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.

All in all I'm a bit lost in all of this and hoping to at least break even with my current property while keeping the mortgage low on my next property.

Then definitely get a quality PM and rent it out for a bit.

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!