To continue the rehab on this house  or should I consider the option of building a new, affordable home?

If you can afford it - sounds like the business in a box is pretty awesome but unfortunately at this time it is not in my budget.  

“Affordable” properties are cheap because they are less desirable and attract less desirable tenants.

The Northwest Side Preservation Ordinance, affecting certain Chicago neighborhoods, punishes owners of affordable housing, devalues their property, and makes it harder to invest in neighborhood housing.

Plenty of people in California look for more affordable opportnities out of state, so property management becomes key.

Are you willing to or can you afford to run some rentals or projects as a side job to take away from your primary role? 

Quote from @Eli Ling: You are losing over $160 a month or $1,920 a year by keeping a tenant who can barely afford the reduced rent, and he complains even though you provide pest service.

Memphis is one of the best markets for the BRRRR strategy, offering affordable properties, strong rental demand, and solid ARV potential, making it easier to pull all or most of your money out after refinancing.

In most cases the land/lot offer seller financing and its affordable to get into contract and simply refinance or build on it for the payoff.

My main focus is multi-family house hacking, but I’m open to other strategies as well.I’ve always had a passion for real estate and decided to move to a market with strong rental potential and affordability.