It looks like a less labor intensive way to increase cash flow over the STR route but also includes structural changes to a single family home (additional setup costs) and dealing with low income tenants.  

Usually investment properties will want a 20-30% down payment in addition to closing costs, so it's not going to be a good idea in your current state.

I would be happy to share some of my strategies at NO COST to those that are interested in connecting. 

A contractor should be able to put together a box in about 15 minutes each...I would say a days worth of labor ($400) needs to be factored into the cost for a RTA kitchen if you really want to compare apples-to-apples to a pre-assembled cabinet.

There are two types of cost in development:a.

I may even sweeten the pot and offer to pay them a few thousand to help them with moving costs.

I'm very very handy, jack of all trades if you will, so I can renovate properties without breaking the bank in labor costs.

I will likely be financing this, which is why I need to make sure it covers the carrying costs plus some. 

A frustrated sister of mine who was her self appointed power of attorney is angry with me taking care of mom - so using her 32 years of legal secretary experience - to illegally become power of attorney she files a lawsuit to get me evicted claiming $2300 rent due for past 19 months = $43000 - it was overturned for many reasons.

The cost of entry is low, and cash flow is high.You can find distressed off-market duplexes under 120k and SFH under 80k in B to C-class areas.