There is an hours requirement but also it states that you MUST spend more time on REI than any other activities(s) A read a tax case not too long ago where a surgeon tried to qualify because he self managed his whole portfolio, yadda yadda...Ultimately the IRS said you're in the Operating room for 10 hours a day 6 days a week.

@Krishna Chava Thank you for your response I agree with you about most landlords but I am referring to more serious mold problems where all the dry wall needs to be removed and replaced in a room or two. 

The rents I am looking at is a minimum of $400/room for a 4/2 and 59 units.

I have an outside pic and an occupied living room pic and the other pics are of other units also occupied.

@Nancy Lucca, If you're a nurse at a hospital in an area where nurses would like to live, I would suggest that you buy a condo or house with extra bedrooms and rent out the rooms to fellow nurses. 

"This room has great potential and not expensive to remodel", "you could fix this easy" bla bla. 

Choose different markets that have room to grow in median price compared to 2007 or stable market that are not volatile to have huge buyer or seller market swings.

Will try and price it for average sized rooms.

They would have a vested interest in making the value of the property increase, and it sounds like there is room for it. 

You're building in a LOT of room for yourself, which is fine, but it's gives competitors a lot of room to outbid you. whether or not investors would be interested is something you have to ask investors in your area.