I have been to a few of these and have met Omni Casey. 

My guess is You will need to go through a foreclosure process in this situation as a legal remedy.

I most want to avoid spending considerable time showing units in-person to prospective renters, esp. before we've pre-screened them.

Quote from @Sonja Revells: @Chris Seveney primarily Padsplits  I would speak to a few lenders first before going through all these hoops, as I started to do this then when talking to banks they were basically telling me either get a secured mortgage as they will not lend to a real estate company on unsecured credit/debt.

The section 8 voucher pays $1,550 per month to 3 bedroom properties according to the Cuyahoga Metropolitan Housing Authority.

You also want to make sure you have Replacement Value so that if anything catastrophic happens you can rebuild.

This will help you learn about property management and also you'll know what to look for in a PM.  

One upside to me would consistent rent scale, meaning if you upgrade one unit early, you set the table for all of the units when done because they are all the same.

Quote from @Rachel Marshall: Talk to your lender.

Talk to more contactors.