HH properties (and often HH clients) are high resource utilization accounts for a PMC, so many PMCs won't take them on, or will only take them on with the understanding that the property will be converted to a single-lease property (we do still use this approach.) 

I do find that some of the "Pros", not singling out Jonathan or anyone else for that matter, do come off as arrogant and condescending in some of their reply's. 

Currently, I own a single-family home that serves as my primary residence.

Corporate formalities are taken care of and minimal as a single member LLC.

The property is a single family in Shoreline, WA.

This is much much much faster and requires far less equity than if you compared that to say traditional single family rentals. 

Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.

Investment Info:

Single-family residence buy & hold investment in Fargo.

Purchase price: $190,000

1031 exchange property, hybrid STR/MTR, fully furnished

Be persistent with mail and try sending out volumes of mail every month and you could start with 1k and move slowly to 5k mailers.The mailer rate in the land space is getting saturated, so you may hit mailers of 5k and not get a single deal.

Might be tough from area to area, but I typically find that homes built before 1950 that were converted from single to multi family are 9 times out of ten - a full gut rehab and way too expensive for first timers.