Epic employees scatter about the area. 

. - I've got some great local connections in the banking industry, it's going to be a little more difficult because you are scattered across the country in your SFH, and some of the best loans are going to be more local based portfolio lenders. 

We're also financing this with an FHA loan, so 3.5% down.I know I'm not providing a ton of information, but I'm anxious and scatter-brained at the moment.I'm happy to provide more info, I just don't know where to really start here...We plan to live in one side and rent the other side, with the hopes of moving out in a few years and keeping this rental property for passive income.

It’s about 550 homes scattered throughout the Twin Cities.

You will probably have some difficulty at the hearing based upon the scattered ownership in the lease as outlined above.

In my last "position" I managed over 1000 scatter site rentals including acquisitions, renovations, rental, and dispositions. 

BUT, I would have to go through the whole process of: Analysis, Loan, Close, Rehab, Rent.... for each one, about 100 times (literally) to get to my goal of approximately 20k in passive monthly revenue, and my properties would be scattered all over the place, and it would take forever (many years by my estimation).On the other hand, I see that there are apartment complexes out there to be had with (for example) 70 units, $90k net operating income, that can be had for a down payment and rehab cost of maybe $500k.

There are some lots scattered that could work for it, but I'm trying to figure out if in the long term this would be a good plan?  

The problem is you're scattered.  

As for the rental market we have 30+ active units scattered across Houston (another 97 in a major C class renovation currently) and we have not had a vacancy of longer than 2 weeks after make-ready in over 4 years.