I own a contracting business here in Illinois and I know from experience that finding good contractors/subcontractors and keeping good labor crews is a challenge.  

This makes it very difficult to qualify for an exception as it would be challenging/impossible to rent out as a "long term rental" - which I can't quite tell what is defined as.Any thoughts on strategies or ideas on how to deal with this, aside from simply selling and getting out?

Those are more challenging neighborhoods for sure. 

I think you will be challenged to build a 1400Sqft new house for 100K in Dallas.

Being able to borrow money at 3-4% for a business is very powerful and unique. 

Curious as to what challenges a situation like this may present an investor working through a property manager.

It's been a challenge finding a great brokerage thus far. 

I wanted to also challenge myself so I also ended up installing a niche on the back wall so the tenants could place their shampoo bottles inside.

I would add that the strategy of bidding lower than total debt has been successfully challenged in many districts if the servicer goes after the borrower for a deficiency later.

Account Closed Seems like a bit much for a 95 unit, unless there was a great deal of uniqueness to each unit, or massive amounts of landscaping and other 15-year property.