What is a viable entry-exit strategy for this unique situation?

It's better to go directly to the government's web site to do the search, because there are a lot of fake "search all public records" sites that will always tell you that they found 387 entries, and then try to charge you to see the results.If you do this, it's also on you to make sure you find the right records - a lot of the public search sites will only let you search by name or address, and not SSN. 

There are a number of requirements that they're pretty particular about:Hard-wired smokes in common areasSecond means of egress for all unitsSelf-closing door hingesPeep hole in each apartment entry doorAll units in good condition (walls, tile, etc. in good shape)Smoke detectors and carbon monoxide detectors as necessaryExit signs (I think)Adequate lighting in common areasThose are just a few off the top of my head.

@Dena Zeid I am not an expert but I don't think the entry point for Jacksonville is $180k, there are plenty of quality houses for less than that in a quick MLS search. 

The high barrier of entry keeps the 99%er out.

Unfortunately the CT marketplace has shown little to no appreciation which stinks but the cash flow in the towns Mike mentioned is typically good.... with that said you will not find something under $75K there that isn't a complete gut.If youre exploring other markets, the midwest has a low barrier to entry since their properties (& taxes) are significantly lower than in the Northeast.  

You must decide how your time is best spent, how you can employ others time in trade for something of value that your offer.The world is real estate, there's no other field where you can start with such a low barrier to entry, that also is a complete necessity to the human species and with such profits as can be made.

Cons - my market (San Jose / south bay area) has high barriers to entry and may not be possible to cash flow in (may have to rely on appreciation for a good return), I am not handy or interested in doing any rehab or maintenance on properties myself.Small cap stocks: Pros - also opportunity to buy below fair value due to market inefficiency, highly passive / low-touch once purchased, low barriers to entry (can invest small amounts).

Cost of entry into these markets are less.

Publicly traded mREITs in liquid stock market (no barrier to entry, 100% passive) give 10-15% monthly dividend, so it makes sense for the returns from private lending to exceed at least 15%.