The owner is making money so the PM should also make money.

During this journey, I discovered the world of house flipping and real estate investing in the U.S.

However, if the FHA interest rate is lower, I would still go that route and if rates drop refinance  however keep in mind FHA has PMI for life  Here you go FHA has the self sustaining requirement that requires the three non owner occupied  units to cover the entire PITI which with 3.5% or 5% down is virtually impossible with today's interest rates and price level.

Fractional TICs give owners the financial independence that has been associated with condos, without the need to wait for a condo conversion, a process which can take anywhere from 2 to 10 years depending on the specific requirements for the subject property.

I also house hack and rent rooms.

You may be able to get into a reasonably priced house hack in these markets and benefit from some nice appreciation.

Anyone in NWA looking to house hack a 4plex?

I would recommend house hacking, it’s easiest way to get started.

Other than that it's a pretty clean package. 200k down, 720+, 60> ltv owner occupied.  

The second lot had the remnants of a tennis court the original owner had built, but was now in disrepair.