I have onbaoarded  a few properties so far and it continues to work seamlessly. 

Heloc or DSCR HELOC so you can operate with cash in hand.

There are a few DSCR lenders that will allow you to operate a rent by the room strategy as long as the strategy makes sense, and no one related to you is one of the tenants.

Quote from @Joe Budkiewicz: Quote from @Corby Goade: Quote from @Joe Budkiewicz: Quote from @Corby Goade: I own and operate a property management company- we don't mark up invoices and provide anything our clients want to see. 

As a beginner, I want to operate an ethical and sound business.

I operate several mid term rentals and I'm still a big fan. 

before you go down the rabbit hole to far as @Bruce Lynn mentioned see if the jurisdiction were the lots are located will even allow a surface operation within their zoning code or that lot size.. thats the first thing I would do.Being an old land man I have dealt with a ton of mineral and water rights.. there is a lot to those buggers..

You learn a lot of operational experience by just owning 1 rental as a long-term rental.

For example, if you wanted to outsource that part of your business, are there management companies in your area that you would feel comfortable turning operations over to?

not sure what the attraction to invest with these folks was.. but it does sound like a meltdown and some pretty poor operators.