The landlord vs tenant mentality is a lose-lose situation for everybody involved. 

The mental fallacy I see newbs making (whether it is SFRs or MFUs) is that lower costs units are lower risk ... in fact, the opposite tends to be true in my experience ... cheap units are higher risk, that is why they can only fetch such a low price.

Yes, you should understand how fees and structures work but if your mentality is these sponsors are greedy then I highly recommend you read Harv's book and re-examine what you think.

Once you've made the mental risk adjustments, then yes you can certainly counter any offers on price or terms. 

we'll "lose" even more per month, but that is countered by showing that by going in with an investment mentality, we won't actually lose money even by leveraging property management services.  

i'd be bored to tears and out of a steady paycheck...i do not know how people jump over that hurdle mentally to be honest..

Mentally you must gain personal confidence then all that remains is fear of the unknown.

You have to have the "plenty of fish in the sea" mentality in this business, and this all may or may not necessarily apply to you.

I agree more with the "work to learn" mentality with application, not the soft theories I'm taught at school.

Cap rate.If I were buying I would not give any credence to it being a SFH because the base "home buyer" mentality simply will not exist and therefor not generate the higher prices emotional home buyers bring to a SFH..