If all else is equal and there are no renovations needs, which option would you pick?

The 1% and 2% rule states that rent should equal 1 or 2 % of the purchase price.

The point here is that all cash flow is not created equally.  

Give each member an ownership stake equal to his cash investment.

Summers do get hot so get your HVACs serviced every year in Spring to avoid more expensive breakdowns in the midst of summer (when HVAC techs are so busy and hard to schedule within a day or two)Having a storm shelter onsite for SFHs increase rental (and sale) attractiveness in my opinion compared to the next ‘equal’ SFH.

I charge slightly more than 1x rent so that there can be no mistake by the tenant that the deposit DOES NOT EQUAL the last month's rent.

I understand the drive and roof are newer, but over time it all equals out.

I noticed you didn't add any closing costs into your cash out of pocket calculation...which still counts.More realistic numbers in that scenario are:$450 cash flowminus $135 for PMminus $135 for set asidesRemaining CF: $180/month x 12 months equals $2160 annually divided by $23000 (including some closing costs, lenders and title don't work for free unfortunately)...ROI = 9% 

There are so many investors out there that the wholesale prices are very high and the ARV is basically equal to the wholesale price plus repairs....sometimes even less.

Loans on both are in total equal to 60% of my primary house value.