That's not my cup of tea and also very risky and capex may exceed cash flow if you don't spend enough on rehab up front.My last few personal purchases all involved circumstances that gave me an edge: at this point I look for properties that need minimal work: instead of a 6 months rehab, I already get 5 months of rent.

I've seen limits of 2 people per bedroom, so I imagine I could limit it to one person per bedroom?

I have a feeling that person is not going to leave.

I personally wouldn’t buy a property where the unit mix is only 1/1

As you and others have pointed out, and my initial assumption, that just seems hard to believe.That said, I'm going to a sale on Tuesday, I will report back what I learn in person.

Sell the home you currently own to a non-disqualified person then have them sell it to your retirement account...just in case you're thinking about getting creative.   

Contact them every month, preferably in person, and make small talk.

I am not usually the smartest person in the room but I like listening to them and paying attention to their advice.

@Troy Fisher was very helpful with providing a good contact and I had a 30-minute conversation with the person.  

Hello Friends, for about $400k if a person acted fast, for off market sale, could have 90,000 sf commercial building in fort Dodge ia.