If you're willing to use a good bit of the $500k as a downpayment, your options would be limitless for Hocking Hills! 

We've had our other one for over 7 years and luckily no tenant issues etc. minor handyman things my wife and I typically take care of it. 

There are some good options for cabin style properties if you have to time and funds to invest in upgrading a unit to the current standards. 

It's also not rented yet so there is no income to DSCR, the tenant would need to be in place or at least moving in prior to closing.That doesn't mean you couldn't get a negative DSCR loan or bridge option, there are many options.

The minimum DSCR on a 5+ unit is 1.15-1.20 typically for these kinds of lenders. 

Your issue is about whether your financing option will allow it.

Turnovers are typically your largest normal expense.Does your lease charge them a late fee?

I don't think I need a service to do the billing as I'd just use my current management company, but I'm open to exploring this option if it makes more sense.  

In my market, agents/investors/wholesalers pitching creative financing get this objection as well.They typically have a 2nd offer (usually much lower purchase price) for the owner to be able to accept now and cash out. 

I've looked into house hacking and then moving out in 2 years but that option isn't changing anything. if someone wants to walk me through using the BP calculator and possible show where I'm over compensation on expenses.