Have you gotten any term sheets or commitments about this yet?

There are also a lot of people out there that will hate on getting coaching, some due to the bad actors I mentioned, but some due to a commitment to do everything themselves.

•Tenants demand prompt, high-quality service and without caring about cost •Vendors seek to earn as much compensation for their work as possible.Balancing these needs requires thoughtful stewardship, strong communication, and a commitment to fairness.

If you're allowed to object and you're still within your objection period, you may want to review your title commitment for objectionable matters that may give you a right to terminate without penalty.

In addition, committing ~ $200K requires some level of sophistication on the part of the investor and you are more likely to find someone to agree to your terms in smaller transaction sizes, but even that will be difficult. 

somebody need to research that aspect first before commiting to investment.

YUP this is reality in Oregon.. if your going to be a landlord it makes you committed to long term. 

Do you have to commit to only serving one type of resident over the other?

The only way to ensure a goal is commitment to the input.

I dont want to commit a felony or fraud or even less go to prison.