It really depends on how efficient you are with your work, but it definitely gets busy at 100+ units.Jamaica, I forgot to address the "mid-term rental" issue.

If you're into long term buy and hold to target appreciation, Columbus is another market you can check out. 

@Dan SheeksThe loan would be called due since it’s not being passed to an heir to take over

Porsha,Homestyle is a great program fairly simple in terms of guide lines and not hard to get approved.

Current home value: $523,000Amount owe: $263,000Equity: $259,000Interest rate/loan: 2.25%/30 yearobviously refinancing would be a hit with that interest rate, considering either selling or HELOC and investing into multi fam via house hacking. 

So, if they have a lease with 8months remaining, and you buy on an owner-occupant mortgage requiring residency within 3 months (typically) you would have to take the vacant unit and honor the remaining term of the existing lease.When that lease expires, I am guessing, you have every right to not renew their lease.  

If I decide to do this I have a private loan in place that would be for 250k at about 6%.

I have 2 long term rentals both at 7.5% interest rates.1. estimated value: $950k, outstanding mortgage of $574k2. estimated value: $900k, outstanding mortgage of $514k#1 cash flows nicely for me at $2500/mo, but #2 leaves me at a $400 loss each month, mainly due to the interest rate.

Or would I need to request to loan docs to confirm this?

Assuming you are doing long term rental, check zillow to see what other houses are renting for.