As you mention may want to look at dividing the space and trying to get two tenants in there

Consider creative approaches like short-term rentals, ADUs, or co-living spaces that maximize income in limited spaces.

The biggest thing you need to analyze is how easy is it to release this space if the the tenant leaves. 

Having a team in place is much more crucial than accessibility from overseas.

The worst MF is probably the small 5-12 unit space: you have all the disadvantages of MF, without the synergies.

Where are the HVAC controls and do both units have the ability to access it?

fyi, one of my children (also in Indiana) had a very good experience with a VA loan through Veterans United.If you can find a tenant who wants to be rural and have space but doesn't have a down payment or for some other reason doesn't want to buy or can't buy, that person could be an excellent fit for your situation. 

If you need access to the $200,000, you could use a HELOC to temporarily pull equity from the property when good opportunities arise. 

I don't know how to get started as my current property manager is not familiar with the mid term rental space so I am looking to self-manage but not sure how.Any advice is much appreciated.

I don't have access to the MLS to run comps.