Most of the one bedrooms that I have seen in the area seem to be going for 800-950 so I don't think I would have much of a problem, but I definitely want to be well informed before proceeding with this.

If you own 25%+ of the business paying your w2, youre still self-employed.There are bank statement/1099 loan program as well, which is what you have been offered.

Operationally, it's easier in multifamily and you'll have cost-saving opportunities as well when it comes to certain expenses.

Nothing wrong with it in your guidebook as well though for a small page or section!  

An experienced property manager should minimize vacancy, increase income, and have connections with contractors and other professionals to manage your property well to maximize your return on investment.To Your Success!

If the community is well-managed and there’s good rental demand, a condo could be a solid choice.

I am completely new to the investing side and would love to find something to meet new people/learn as well as learn more about the city. 

@Richard Bautista your gut is serving you well, saying something feels off here. 

For example:How well does in-house counsel adapt to different jurisdictions, especially if we’re managing properties across multiple states?

What if the smell was coming from a broken sewer line that was back-gassing into the unit, as well as leaking all around the foundation and rotting wood beams.