I'm trying to err on the conservative side since I'm a newbie to rentals and haven't yet developed the intuition for maintenance and repair costs but I'm trying not to be so conservative that my numbers shut out potential deals. 

Collecting rent:What’s the best route for a person in my circumstances to collect rent?

It's a racket that I think core logic developed to charge lenders.

And I think you're doing pretty good if you can find an 80%LTV product...My only other suggestion is to work a purchase money mortgage angle if possible...maybe even a lease with an option to buy...no need for conventional lending...but it depends on the circumstances of the property and the seller...

Unless extenuating circumstances arise: you got a new job our of the area, you have a baby and the property no longer works for you, etc.

I went to high school, got my diploma also a did running start and got my AA.Then, I went and pursued starting my Bachelors in Software development and gaming development.I am about 1/3 of the way through it right now and have about two more years left to finish it.

One day it was notes, then MHP, then MF, then developing a vacant lot I own, then SFR because that's my local market, then......... you get the idea.

I could see more landlords getting fed up and decide to redevelop their property into condos or townhomes if they can or sell to a developer .

There are so many avenues in real estate I don't know where to start.I am interested in development and multifamily.If you could please leave suggestions and positions I can look into to gain better perspective.All insight and feedbacks are appreciated.

I have not ever looked at the possibility to purchase commercial property but I'll do my best to give you an answer based on what I've learned about that type of development.