May be beneficial to join prop radar and refine search options to search this way.

To your question about the two different options, I think you could likely do both of your scenarios based on the capital amount you have. 

The best option is to proceed with a cash-out refinance utilizing a DSCR loan. you can grab up to 75%LTV all by using the current tenant's lease agreements to cover the debt service requirement.

If you like single family investing, you will have a lot of solid options there.

Agree with Jacob that Facebook could be a great option.

A couple of options for you to consider: 1) Just let this first house-hack ride, and stack cash.

That's super small in the commercial world so that might be your ONLY option.  

For a first time real estate investor, which option would you prefer?

If I do go the property management route - can i get a limited service option (say in which I find the tenant, collect rent, handle most maitnenance issues) and they primarily are liasoning with my vendors during US business hours and handle any urgent maintenance issues?

There is not a bathroom in the building so unfortunately only option is a Porter Potty.