Odds are if the PM is going to use a cloud system they will want to use it for all of their clients. 

But if you to a more wise and slow approach, you can find other ways to generate additional income, build up a 25% DP on a duplex that cash flows after all expenses and you have an EF fund, well you will sleep better at night and the odds that your investment will survive the tough times in your life is far greater then someone who sleep well at night with tons of debt who if anything should go wrong, which it does in life that person may be bankrupt. 

Those connections will help you work around some of the local restrictions. 

The way the condo is set up, I would need to allocate the one window in the living room to the new bedroom, meaning the living room will no longer have a window.I know bedrooms require certain legal restrictions to be met (2 egress, certain size, etc).

Our government has laws restricting lenders from closing loans that are small loan and high cost so many will not touch these even if investor.

Moreover, our loan covenants also have restrictions.

The advantages to those are that there are less restrictions, less competition and lower purchase price. 

Accidents happen and grills and fire increase those odds but that is what home insurance is for that peril.

The odds are against us since the seller could easily list their property via traditional means in 2yrs when they retire.

Reno is also geographically restricted from over building forcing appreciation.