Speaking with Steve it sounded like if you discuss it with them they will still be open to it and can approve on a case by case basis, it just may not (as he put it) fit into their standard box - but they are willing to go outside the box depending on the track record, etc. 

This would give me two to four "doors" depending on how many units the "house hack"  has available to rent.

If you were staying local(ish), Self-Managing could be a great option, but it depends on your REAL job and mental capacity.

If you choose to use this technique these are some of the Pitfalls to watch out for.Subject To Pitfalls1.

This is why job growth/fundamentals get talked about so often when choosing a market; put yourself where you have the most qualified applications possible for your home.With $100k down and assuming 20%-25% DP, you're looking at homes in the $350k-$450k range, with $400k probably being a break-even, at best.

Did you decide to move forward with them or did you choose a different course of action? 

Flipping could be good too, but it depends on the market.

Of course, if you do any renovations on the property to get it ready for rent, those renovations may need to be capitalized (added to your basis) or might be expensed, depending on what is done. 

Insurance likely will be higher than $1,020/month nowadays but depends on your coverage and who you go with. 

The choice depends on your priorities, risk tolerance, and financial goals.