You could easily take $500K and get yourself in 3 - 5 solid deals.  3) Syndication + Niche Diversification (+MPH/SS) - Do 1, 2 above and add a third component by diversifying into a few alternative niches w/very solid histories and strong future trends by investing in pools of mobile home parks (MPH) and self-storage (SS).I would not advise taking $1.5m by yourself and say I'm going to go into MF and learn the ropes.

If you are looking for numbers though go through some of the deals posted on the forums to get an idea of what others are doing on different properties and how that aligns to your goals.

A massively key component to our startup is to hire a full time property manager.

My husband consulted a lawyer who said that it is possible to do this, but I'm confused as to how this aligns with the "warranty of habitability."

It's the most important component and worth the couple hundred bucks.    

I am particular about only spending time on the things that best achieve those goals and, more importantly, not spending time on stuff (and people) that are not aligned with them."

My real estate agent is hands-on and helpful, but not as aligned with my investor mindset and my lender I'm not particularly happy with.

I will edit my original post for clarity, because there is some feedback that is not aligned with what I am looking for. 

But we’ll calculate it as best we can.There are five financial components you’ll need to account for with your first purchase.

All other loan programs have an MI component.