It does not have the functionality you would need and it's too hard to bring in additional resources.

Buildium is hands down my favorite, for it's overall ease of use and reporting functionality.  

Purchased a small functional single family home for $20k, rehabbed it for $10k plus some of my own labor.

In the FB groups, don't make a post instead use the search function as all beginner and standard questions have been asked and answered hundred's of times.

However the servicing function (who collects your payments, sends your statements, sends your 1099, etc.) may not change. 

Without investors putting money into the marketplace, our economy would not function, grow, or innovate.

The accounting function sucks. 

Commercial lines of credit aren't used as much, but can serve the same function. 

It's an already functioning Air BnB. 

Of course, all that might mean functionally is that your appraisal value would be a lot lower than you might want, OR - that they put something on the file indicating that an item or two needs to be corrected before it would be appropriate to use the property for collateral.The other caveat is that yes many counties / jurisdictions maintain a system for documenting what's been permitted or not, as well as the obvious assessor's pages that usually show number of bedrooms, square footage, among other things...