That may lower your closing costs, but most lenders have minimums (usually $65K or more) for what they’ll lend. 

I then lowered the offer price to 70k since I wouldn’t be able to complete the due diligence piece.

One way to minimize vacancy is to lower your rent.

NonQM "shops" offer a variety of loan types, DSCR being one but they are the lower rates and fees.

I started looking a bit into Rochester which has a way lower price point for multi families and single families but obviously I would be unable to house hack as it is 5 hours away from NYC which I will not be commuting lol.

With the lower price point rentals, you basically just tread water.

I have heard positive things - expect lower overall returns in exchange for them doing the work! 

As far as ethically that is part of my nature and I don't care for the aggressive (potentially predatory) strategies discussed by others, but I see value in offering a transparent and convenient service with lower costs and faster turnarounds than traditional MLS transactions. 

@Erlson Neba Much less stress and headaches than rentals especially for lower end areas where the ongoing maintenance will most likely diminish any return you may hope to make and where appreciation cannot be expected.

Just not seeing a good use case for FHA these days other than the lower interest rate.