Also, a few hundred bucks a week is usually small compared to the grand scheme, but can be huge for those guys. 

These tenants could certainly afford a traditional hall/facility but chose the open space & kept the $$$ down.

In this case would a HELOC plus liquid assets be the best way to finance the 20% down that will be required for a traditional loan, or does anyone have any other strategies they have used in the past.Any and all pointers would be greatly appreciated!! 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

They will do their own analysis and compare it to mine and we will discuss it and move forward or walk away.

Jaysen, the house is under construction right now and I need to refi into a traditional mortgage.

@Dan Bryskin, yes, freeing up the VA Loan will help me get into a multi fam in San Diego, which is normally very hard to do (20% of $700k traditional vs 0% down for the same with VA Loan).

The main issue with SFRs compared to multifamily is scalability.

I have two kids and a wife so it will be a sacrifice compared to what we are used to but totally worth it.

Compared to NY, annual taxes are pocket change and appreciation is happening very quickly.