So I would think a total of 11 mini splits should do it, and I would be buying cheap ones for $200-$300 each online. 

Cheap companies install crap and good companies are expensive.

Some of the mortgage stocks have gotten so cheap they are paying a >10% dividend (share price is the denominator in the ROI division, so as that goes down without the dividend decreasing proportionately, it forces ROI up, because math).

***Only exception is if an owner has plan & funds to reposition Class D to Class C or higher.https://www.biggerpockets.com/forums/776/topics/960183-what-they-dont-tell-you-about-cheap-rental-properties?

Evictions are not cheap.

It's always cheap insurance to have someone knowledgeable help you draft them though.

Even with the 90% LTC, I still needed to come up with nearly 20k to get into a 75k property after fees and insurance and all that junk, plus since the rehab draws are reimbursements, I needed to come up with the initial 10k for the first draw myself, so that's 30k of liquidity needed for a relatively cheap property. 

There are 2 cheap motels in my town. 

Cheap houses in bad neighborhoods never perform as well in reality as they do on paper. 

It is relative cheap, hides some stuff, but still has enough sheen to highlight the imperfections.