Buy a bond fund for 7% zero hassle no renters or toilets (stock market).Or buy into a turnkey and maybe make 10% plus appreciation, maybe more.My SFRs here in Atlanta run 15%.I'll take back my concern for your cap rate.  

This might sound crazy but in one bathroom that was a 36" shower pan I took sheets of 4 by 8 Hardie board with the wood grain and I installed it vertical and I sealed everything good with polyurethane caulk and I painted it with oil based paint....flawless...water just beads up and looks seamless...

I recently replaced the flush valve in 2 toilets. 

Determine if septic tank is both big enough and can process toilet paper. 

The only things I might be concerned about in your situation is the wax ring around the base of the toilet.  

I'm super curious to hear how it pans out.

When you walk into the bathroom, it's about 2 feet to get to the toilet/shower.

What are the main components of a toilet and how do they function?

He finally fixed his toilet when he got a $5,000 water bill!

Someone will tell you their short-term rental is making $100,000 a year, but they don't tell you that's before paying the mortgage, taxes, insurance, lodging taxes, utilities, marketing, stocking toilet paper, the cost of their furnishings spread over X years, their short-term license, lawn care, the time they spend working on it, etc.