There are lots of folks doing different things in the ESREI Group (i.e. traditional rentals, student rentals, house-hacking, short term rentals, BRRRRs, etc.). 

I doubt a Traditional mortgage would be an option, I purchased my home last year. 

A bank with a traditional loan Will Not, and usually legally Can Not, negotiate on loan balance unless there is a Short Sale in place.

As much as I rather not go through this I guess I have no choice but to because of these tenants.

Traditional How did you add value to the deal?

Part of the reason I’m looking into this is for speed over traditional stick built homes :)

I have seen a retrofitted single family home with a zoning change, which did require ADA compliant modifications; the same was not true for a large single family home with traditional zoning being operated similarly).

You will need to get a local, rockstar Realtor, contractor, lender, and property manager. https://www.biggerpockets.com/blog/core-four-real-estate-team As for picking a specific market, I would choose one that has job and population growth with a high median income, and Columbus, Ohio is a great choice.

My and my partner's hospitality (hotel) background and my company's commercial expertise makes us a great choice for small to midsized hotels and motels. 

It can be a hard pill to swallow paying 2-3x more than a traditional PM, but the obvious is that there is much more work that goes into operations and you have constant eyes and maintenance on the property.