I think you are on the right track however its going to be necessary for you to have some "skin in the game" sooner rather than later - while it can be appealing and seemingly possible to build a significant real estate portfolio with all of "OPM" the reality is you are probably going to need to have some equity in these properties - 20% or so down from your own funds to keep building. 

In reality I believe this is all we can do.

The reality is, it is important to hit a base hit right out of the gate.

Some very big money is dictating the current reality, and they are deploying like nuts.

I didn't mention numbers on purpose, because at the moment I'm mainly seeking your opinions about my strategy and general approach to this kind of project, meaning whether I'm living in la-la-land or am rooted in reality.

The reality is that most can't fund every deal or may have an underwriting guideline that doesn't suit your deal.

Hyper focus on one area and get to know as many people there.The reality of "off market" deals are not as beautiful as they sound.

@Lisa Rechsteiner The reality is us investor/realtors don't have limitless capital to buy every deal we come across.

The reality is the resale value might be greater if you combined two of the one bed units to make a two or three bed unit so the property would be a four unit property and qualify for the 30 year debt financing of conventional owner occupied multifamily property.Another option would be to split off the house and sell it as a separate unit.

Real estate is a long game, and while appreciation is a powerful tool for wealth building, it should be balanced against the immediate financial realities and the market's future outlook.I hope this helps!