So by that "rule" you will have a lot to chew on.OR you could scan for well-constructed properties not in a flood zone and have a much smoother time.

Identifying a home on the MLS that already has four established bedrooms is the route that one would take, however, after closing on the deal, additional bedrooms would be added to the property.

The section continues, “… Bed and Breakfast establishments, boarding homes, dormitories or multiple units, or any other similar lodging arrangements are specifically prohibited.”Section 3 – Commercial Use – states, “…no part of a Lot or Dwelling shall be used or caused to be used or allowed or authorized in any way, directly or indirectly, for any business, commercial, manufacturing, mercantile, storing, vending, or other such nonresidential purposes…”.

You're going to want to establish a relationship.

Quote from @Jay Hinrichs: my advice is to get some cash first.. dont be so focused on super high leverage. do seller finance first .. forget sub too until you are very well established and have ability to cash out the loans or refi on a moments notice @Don Konipol  Don gave you chapter a verse about the sub to risk/rewards.

Establish relationships, do some brain-picking, and maybe consider a partnership.3.

then u must have an established relationship with them bc most would just cut you out.  

I am a first time property manager on my own and I have a lot to learn.

We have a lot to be excited about in our market!

As a property manager, creating a standard that establishes the trifecta of benefits and tension is good.