You'll probably get better service approaching it that way than hiring a professional manager anyway.  

Much better off paying the eviction lawyer to do what they do than give up those 2 benefits.  

Ideal if you're short on cash upfront, but be prepared for higher monthly payments.Conventional Loan: @Chris Seveney and I agree conventional is your better option.  

@Derek Heinz you might be better off finding a major fixer-upper, getting a hard money loan (HML) to acquire it. 

I think your correct though folks have to adjust to the new normal and the interest rates they are not coming down like folks hoped for I think we are in for a run of years were rates will be more like the 2000s  6 to 7% and Owner occ in the 5s with Maybe some high 4s. but by the time folks wait for that prices will rise in the better markets.

My price range is between 250 - 350k (less would be better, but if more than I would have to be mindful with the interest or down payment %).

There might be a pathway where you can hire a better PM (easier said than done) who gets better tenants and you can stabilize the property and catch your breath.

MTR may be a better option if not wanting to LTR. 

Questions like this often get better and more actionable responses.Also, keep in mind that while this site is an incredible resource, opinions can sometimes come across as blunt.

In my case I sold off appreciated properties in a location I deemed as having limited future upside, and used the proceeds to eliminate all debt on the better located prime properties I wanted to keep long term.