I can say that it was significantly painful for many. 

You can save 300 or so a month for reserves and still cashflow 200+ a month.If you realize the management/process is too complicated or a pain, or no one wants to rent your specific home, you can always pivot and sell the home then. 

Obviously this will be a pain if you operate in multiple markets, but it is what it is.

It was painful, scary, and stressful, but we got through it and came out better on the other end.Use this as motivation to save and buy that SFR (or maybe a duplex is a compromise) and keep this as a rental. 

Listen to their pain points and see if they'd be willing for you to help them out with those pain points. 

The difference is in the overall return vs the type/potential pain you are willing to deal with as you reach your investment goals.

Their pain point is that they need to be out of the place, quickly due to the health problem.

Credit markets are tough right now.That rehab paragraph was a VERY tall order, which I think is why most folks are doing rehab loans with the hard money loan guys charging 13%+ and 3 points... 3 points and 13% is painful, but LESS painful than trying to check all those boxes laid out in the previous paragraph. 

I hear that law is causing a lot of pain for underfunded buildings. 

Luckily it wasn't too painful, my PM approached the tenant let them know we were starting the eviction process.