There are many ways to build wealth via Real Estate (RE) investing even when limited to buy n hold. 

As a landlord you have very limited rights once a tennat is in place.

It is important to put the limiting selectors into your list so you are only mailing to people who own property you might want to buy.Whether or not this first deal works out, you will at least learn a lot.

This will give you the best coverage for Catastrophic losses but also mitigate the cost of insurance as much as possible.

I understand we have to live in it as a primary residence for at least one year but are there limitations with actually living in the home?

Maximum loan amount will be based on the amount of equity available, based on the appraised value of your home (loans with a loan-to-value ratio of 90% or more are limited to a maximum $200,000 credit line).

From finding contractors that will show up, finding funding to complete the house or cut my losses and move to the next one.If you are willing to meet with me let me know.  

I’m at a loss of what to do.

“I wanna buy a multifamily” is different than “I’m interested in 10-20 unit apartment buildings for $800K up to my pre-qualification limit of $2.3m” which is different from “I wanna house-hack a triplex” which is different from “I’m looking for a seller who is willing to owner financing a deal with zero money down”.

You can bypass that limitation by establishing a commercial loan and consolidating all the loans into one larger (portfolio) loan.In summary, find a property with positive cash flow and don’t let "limitations" stop you from building your rental portfolio because there is usually a work around.