However I would think that the property management route is the most simple to learn and probably the least financially rewarding.  

Their presentations are designed to play on the emotions of sheep, peddling products and upgrades and coaching...all founded on the idea that anyone can do this, you don't need money, financial discipline is not required, etc.If you find a seminar, do yourself a favor and Google the name of the individual, the seminar, or the company.

Will owning a financial commitment like an SFR loan place my company into a different status with regard to new fiducial/regulatory/reporting obligations? 

right now I just have my agent and my financial advisor at my bank, should I build a relationship with a lawyer before hand and find a house inspector as well ?

I am saying that if you are getting the property for below market value it stands to reason that there will be some differed maintenance that will need to be taken care of immediately, not with your reserve which is only $1,200/month which won't fix much until you have built it up.You never did answer, what is the current occupancy and current rent roles are?

One 2 Bd apt. and two houses, 5 bed's each.Financing Approach:80% Bank20% 10% down payment10% seller financing - terms to be negotiatedAnnual Financials:-5% vacancy (the market is emerging and vacancy is very low - we know this because we own a 4-unit in the same area, purchased from the same seller)-Rent roll: $55,800 - can be pushed up by $4,800 conservatively after rehabbing-Property Taxes: $4,277 -Insurance: $1,619-Maintenance / Capex: $11,160 (projected - 20% of rents)-Water / Sewer / Utilities: $6,200-Property Management: $3,600 In summary:At purchase:-$55,800 gross income-$21,903 total expensesPro-forma:-$60,600 gross income-$22,529 total expenses We want to get your thoughts on this deal.

Financial freedom is when the income is generated without you having to spend time earning the income.

Follow it up with research.After you have studied, met connections through meet ups naturally, and got your self financial sound, start to look for investments.

And the person taking the financial risk should get the greater share of the reward.

However, we'd like to cancel the contract as interest rates have risen and it doesn't make financial sense anymore.