Research the pros and cons of each and decide what fits best into your investment style - what you believe is the best opportunity.

Large single family homes have gone out of style - often called as McMansions, built in the 80s - 90s: 5,000 SF trimmed out in golden oak...

@Brendan Murphy  FHA 203k , Fannie Mae Home Style and Freddie Mac Choice are the best options. 

There is no one size fits all classification, but I've found the following to be instructive:Rent: Top 1% in your area is A+, top 5% A, top 20 B, etc...Age: Brand new construction is A+, under 2-3 years A, 5-10 years B, etc...Tenants: High income white collar is A+ down to unemployed section 8 in CNeighborhood: Resort style is A+ down to war zone at DAt the end of the day it's a judgement call (freshly remodeled but 30 year old property in a great neighborhood is probably a B), but this framework can help with that determination. 

@Ronnie Allison some mindset books that you might add to the list:The 10x Rule - Grant CardoneBe Obsessed or Be Average - Grant CardoneThe Compound Effect - Darren HardyFor learning to negation (regardless of the polarizing title), Trump Style Negotiation by George Ross is a great book to use in conjunction with Never Split the Difference by Chris Voss. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $240,000

Cash invested: $30,000

Multi-Family Information
Total # of Floors: 2
Total # of Rooms: 8

Unit #1 I...

style of evaluating a rental application

Washington and Jefferson college is in the heart of Washington, PA and you could tackle the college crowd with older style Victorian homes in some areas.

Price point, style, area, colors, layout, fixtures, finishes etc.

Once you have decided how you want to run things - it might be useful to contact them and either go and meet them in person and discuss the new management style or if you would rather keep your distance then write to them - perhaps with a welcome gift/token to say I'm glad we will be associated and I look forward to a positive/friendly relationship.