SRO. single room occupancy. are in HIGH demand with populations who are getting served by DHS-dept of human services. think of domestic violence, homeless, exiting or enter jail, prison, rehabs -for physical or mental reasons -accidents, surgery, breakdowns etc.; divorced, teens exiting foster care (18-21 age). yes there is a need. you need to know where your clients will hail from. there you will find them at DHS/DSS/WIC/DV/ agencies. single rooms, shared kitchen, bath etc. all very commonly used for "temporary/shelter care" housing. for 30days to one year. pending --usual things like court hearings, sentencings, adjudications, or pending finding a larger unit to reunify with children taken by CPS. be ready for drama. but if you work it hard-the state/county/federal will pay.

The physical occupancy is 92% but does that include any friends and family units that are erring discounts or no charge....which leads me to the next question, what is the economic occupancy?

@Jameson Tanner print out listing and verify information as you physically walk through.

Though I haven't included this, I'd like to add that the video walkthrough at the beginning of the lease recording tenants agreeing that there isn't physical damage to the property will go a long way when the tenants are moving out and start saying that some particular damage has "always been there".   

I hope to learn as much as I physically possibly can do that way I can start building something for me and not just my employer.

I would suggest sending a written letter (physical and email) informing the tenant of your intent to let the lease expire.

You do not need to have a physical address within the state of Pennsylvania either.

do you physically shift $X to a separate fund on a monthly basis?

Buying a stabilized property (a property that is in no need of repair or improvements) is going to be lower risk (and generally deliver a lower return) than a property that is in disrepair and needs either physical and/or management improvements. 

I'd also suggest looking up physical meet ups to attend and meet more people.