This sounds a lot easier than trying to buy with no money down with private money, especially for owner occupied residency

Roofstock, the property owner or the property buyer?  

I've built relationships with property managers who have distressed properties in their portfolios that can communicate directly to owners. 

There are DSCR lenders will allow only a single 20 or 25% owner of an LLC to sign a Personal Guarantee (other owners are not on the loan, or liable for the loan).

Would love to hear form some Multi-Family owners/operators in these markets about pros/cons and specifically neighborhoods to avoid.My wife and I have been to Columbia SC many times and, while we have never been to Little Rock Arkansas, we plan on going in Late March! 

DSCR/hard money are non owner occupy loans.If you decide to do FHA203K for the first home - a 203K consultant/inspector will be required for the standard 203k loan, you will unlikely be able to serve as GC and you sign a 1 year occupany affidavit.

Or are you actually talking to a bank about buying the note so you can see the notes and credit on the owner of the property?

YOU ARE A PROPERTY OWNER!

Small business owners are struggling more than I thought. 

I have been digesting all things Real Estate so right now I am working to lower my DTI while saving at least 6-7% for the Owner Occupant down payment (to include closing cost, etc.).