There are numerous reasons why I would like to start with MF, rather than SFR (economies of scale, fewer investors to compete with, allows for use of professional management, etc.).

These are two opposite objectives.

There could be mold under legs of furniture, dressers, and other heavy objects resting directly on the carpet. 

The advantages of investing local or nearby are numerous and the disadvantages of investing 1000 miles away are numerous.

There are numerous BP podcasts that have harped on this exact point.

@Natalie Kolodij I'm pretty sure at least one of the tenants would object to agreeing to sign anything giving the manager authority.

Notice of Motion and Opportunity to Object Recorded on 7/1/20138.

I am new to vacation rentals but have numerous long term rentals.  

I think alot of the answer depends on your intent when purchasing the original property and numerous other factors as outlined in this article;Forbes Article on Cap Gains vs IncomeI would recommend getting a trusted tax advisor involved sooner rather than later. 

Amit, I have done numerous frame work.