I think if you had to choose one, multi's act more like businesses so they better cater to investors but I don't think its fair to write off SFH as investment vehicles :)

Or, how would you write up this deal to be "fair" to both parties? 

So I guess I have to find a list of people to write.

I would not trust ANYONE who writes "You don't have to be afraid transacting with me".

Start talking to few accountant/CPAs to see what they can offer and research what software do you think will fit your needs. 

The numbers will suck because of taxes, HOA dues, but you should be able to write off your expenses and perhaps minimize your tax liability from W2 just a little bit.

I have no idea what each party has agreed to nor what is actually in writing.

The property fits all of my other criteria for rental purchase as far as quality, location, rent to price ratio etc......So the question is if we write up the subject to the right way as to be non recourse, is this a doable thing?

Write up the agreement based on your convo with the seller.

If you proceed I would suggest putting everything down in writing (loan amount, interest rate, pay back date, what happens if payback date it missed etc).