The Pm is the key element.

First thing that had to be done was water mitigation and protection from elements before any work was to be done.

(Which is essentially what they did last year when they started charging guests as well as listing owners.)The reason that these businesses are multi-billion dollar is not because they can do it better than me, but due to scaling and fees.

That is why I would use a conventional loan, but my question was more along the line of wanting to know if having essentially three tenants in a SFR with a slightly higher return would be worth the hassle, or would it be better to take the normal return on the property and move on to the next one? 

Aloha,First, I would recommend you learn, hands on, as much as you can about how a unit is constructed and how various elements are supposed to function.

Despite having valid contracts with these buildings we decided not to fight it out and essentially the building management bought out our leases.

They will essentially be forced to choose between remaining competitive and remaining viable.And none of this is to say that its "a patriot's duty" or any such thing to invest in single family homes. 

@Rosston Smith - As far as permitting, you'd essentially be building an "RV Pad" (concrete or gravel).

They may even have a package of essential landlord form(including lease) for sell without you having to pay for writing one up. 

I am working through my garage now with plans to be very selective to the point of storing essentially nothing moving forward.