What your saying isn't an arms length transaction. 

I would consider Mexico since I can speak and read enough Spanish to get around (not fluent) but I don't know anyone there and I have some concerns about public safety.

To what point is strong-arming way into property?

Our approach for implementation is to break all repairs into 4 categories by priority:1) Health & Safety - most important as could result in tenant lawsuit2) Property Preservation & Government Requirements - don't ignore a roof leak that costs hundreds to fix now, but will costs thousands in the future.

Because dealing with tenants is like an "Arms Race".

i say that not to discourage you but to arm you. 

Hard money will charge you an arm & leg (additional points, high rates, etc.), but they'll get you the leverage you need.

An engineer can help ensure that the conversion meets all current building codes and safety standards for residential living spaces.4. 

I'm a union worker and I'm usually in safety orange and dirty pants.

Yes, Fannie Mae does have a multi-family lending arm, starting at a lower limit of $1M for 80% LTV.