Napkin math tells us: 200k = 1mil loan ammount300/door (average) you'd need about 16 doors at that, probably going to go over your 1 mil loan. 

Mine are all less than 20 minutes from my front door. 2 of the four were never on the market.Hope this helps feel free if you want to p.m or discuss further.Peter

So far my 2-bedroom listings have generated a ton of bookings but I'm starting to consider STR for my larger properties and I dont think I'll have the same demand on 3 bedroom or larger properties so it would seem to be far more effective to rent out by the room.

Understood the bank makes the final call but an accepted offer from the seller should start the process and close the door on additional offers right now.

30 + doors.

Contact commercial brokerages around, larger and smaller boutique firms, interview with them and get a sense of where you want to go. 

We have successfully utilized a series of regulatory rules and constructs to qualify for increasingly larger offerings.

I have come up with 3 options so far, but option 1 does not meet my minimum monthly goal of $100 a door, but the two other options are closer.

Hey Matthew We did the same thing, we were to focused on getting it done and wham a red post it was out on our door.

Hey guys, My new tenant moved in last month and before she had even moved in her things, she had painted two of the bedrooms as well as the baseboards and door frames white (the rest of the house is light oak).