So buy the best condition you can find and try to keep the 10k in reserves.I will warn you against partnering.

The ownership structure as indicated on the title must match the named insured on the policy to ensure proper coverage.

If they are up for renewal and you elect to non renew them you must stop accepting funds from the occupants after the lease expires (accepting rent after the lease expires may make it appear you have a tenancy at will agreement). 

Check your insurance, I’ve seen a lot of people specialize in renting to group homes or care facilities so there must be a commercial policy for this.

But now with the joy and headaches of non-metered units, trying to wrangle 3 different set's of persons into playing nice, etc etc.. 

Specifically, must this be a commercial/business loan type where you have higher rates and shorter loan life or is there an alternative loan type? 

The zoom calls are packed with other wanna be aspiring developers/investors trying to ask him questions.

The minimum requirements must be met or exceeded or we will not rent to the applicant.

I figured there must be people like me out there.....Our place has solar, well, propane, that I've brought in so it is very comfortable.

One requirement for this loan product is that the rehab must be completed by a licensed and insured contractor approved by the lender.