To find deals that meets the stricter criteria means you may be looking for a while in frothy markets.Those that assume the future will be rosy, have a high likelihood of failure when the market turns.

There are others who believe time in the market is critical.I’ve only been at the real estate game for 46 years 😀 and so have been thru numerous market cycles.I’m a time in the market investor.Buy quality properties in quality locations.

I would highly urge you to take a look at the jurisdiction codes.

The rental income of $4,400 looks very high for the overall value ($250k) of the property.

It's a high-risk, high-reward strategy and is not for everyone, if I'm being honest.

We don't want to pay rent, and the SFH's are priced so high right now.

I’m sure your insight would be highly beneficial!

If this meets code, it would be easiest and probably cheapest even with high price of AFCI circuit breakers.  

Quote from @Dave Vidales-Sanjuan: This leaves you plenty of time to research and find a quality agent that works well with investors.Here's a good article with tips for finding a good agent: https://www.biggerpockets.com/blog/how-to-find-an-investor-f...

In addition, because their rent is high tenants don't stay as long further increasing the vacancy time by increasing the frequency of turnovers.