Hey folks, I'm interested in opinions - pros/cons on this strategy of new construction for STR income. I am in my DD period with a contract on the lot for $89k.

Here's my projected numbers on the deal: 

My income/expenses numbers are based on two other properties I own in my market. Both of my current 1BR properties are paid for and gross over $40k each annually. 

I am trying to be smart about my next move and have considered a smaller 6 unit apt building also. Or wait until things are cheaper with an expected recession/downturn? I see that most more seasoned investors don't really like single family homes, but when I compare the income on the 6 unit vs what I'm getting in my market on a single family, it does not seem worth it to own the multi-unit. 

Thanks in advance!