It sounds like a prudent choice to bring in a property manager.

Richard how I'm curious how you would do better as I have a hard time beating their rental rates since it seems renting out to 5 small parties brings in more cash than 1 party.

When Google brings up the search results, usually the first result will be from Zillow or Trulia.

Once you have property it makes it so much easier to bring in investors and partners.

What do you bring to the table that would make an investor-partner work with you? 

Maybe they bring the experience and provide the funds.I don't like any of your options based on I think you are too new to investing in real estate to take on any of those.

The Importance of a Great Real Estate Agent: A Personal Paradigm ShiftI got my real estate license a while back, and I always heard people talk about the importance of "bringing value" as an agent or broker.

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

You may want to bring in a professional to get this rented.  

This brings the TOTAL COST: $29,315,70For those who like per sqft breakdown it costs roughly $29/sqft - This apartment is almost exactly 1000sqftThere you have it!