To markets where you’ll gain long term tax free wealth. 

I'm looking at it long term and will not need the equity anytime soon.  

This is usually rare, and the cost of these major repairs can be negotiated to be reimbursed at the sales closing when the option gets exercised.- The exit is defined according to the option period. - There are very low management costs since the property has long term tenants that take care of their own repairs.

Looking to invest in long term hold multifamily.

What should I consider about the purchase price, interest rate, and other terms? 

Quote from @Scott Mac: Safety - Inherit a fully paid for SFH, in decent condition, in the neighborhood you live in, and rent it out to long term tenants who you are comfortable with.

However if you understand the process already and what you're trying to achieve and just looking for someone to do it for you, then I would search a bit more to price compare and then make your informed decision.

If it is a direct lender you are able to work to find more favorable terms because they usually determine their terms on a deal by deal basis. 

Using the short and long-term leverage accelerates my TIME FREEDOM date.  

Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health) and choose the one that is most “stable” with the best potential for long term tenancy.This advice is contrary to maximization of rental income, but IMO will reduce expenses of tenant turnover, property damage, property management fees so much that the difference in bottom line income will be quite small.