It may not make sense for you, but people are still sleeping on it. 

All you can do is run the numbers and see if they make sense to you at this point.

When I run the numbers it just doesn't make sense if you consider a 75% LTV.  

I want to use OPM as much as I can makes sense. 

It usually makes more sense and is somewhat easier to buy a 2-4 unit first and then transition into another 2-4 unit or a bigger SFH.

If you understand what's happening there, it makes a ton of sense.

I would love to keep it as a rental but at this time I think it would take too long for the rent values to increase enough to make sense Worst case scenario is I have to hold the home for an extended period if the market decreases short term. 

I am also looking over properties and trying to think what works best for me and makes sense.

@Michael Anderson If the property had been sold, it would make sense to formally assign the lease and deposit to the new owner and memorialize an agreement to collect and adjust rents after settlement, indemnify the other party for things arising during their respective ownership periods, etc. 

If the deal makes sense, it is not uncommon for a borrower with sub 500 credit to obtain financing with no appraisal required.