Availability is key component of success for an agent.

You are mostly correct but missing one critical component. 

Sounds like you have two components that might or might not be in a single transaction:  Real Estate and Business.  1) Buyer can buy a Business, and include the RE; or 2) a) Buyer can buy Business and b) Buyer can buy RE (two separate transactions). 

I know the properties really well, so I just look over their report for any unexpected items.I use the same form that they filled out when they move out.

And if you lived there and managed these yourself and stayed right on top of it and did your own handyman work you might get close.but if your a passive out of area investor then PURE logic dictates that you know you have to hire a PM and you know they charge 10% of rent collected and they charge a placement fee and mark up on maintenance and release fee and keep most if not al lfo the late charge.. or you soon will learn it.You will also learn very quickly that NO rental home that is older will over a 3 to 5 year run only cost 500 to maintain that is slum lord style.And if you do not have next to or brand new major componants IE roof windows HVAC wiring plumbing that somewhere in the next 5 to 7 years you will have a major year costing you 10k or more. 

If you don't hire a GC & just design the buildings & buy standard steel components & weld them together your costs can be reduced quite a bit.  

If your financial world unexpectedly gets turned upside down, you would rather have the banks foreclose on rentals than on your primary

I find it interesting your points target low income people but you made no reference to the corporations that depend on tax dollars when they can't afford unexpected challenges.  

Also, if you are not an experienced flipper, be extremely cautious in those types of properties as there is ALWAYS unexpected rehab & delays that can put you in a bad financial position very quickly! 

Linky link.Snip 1, more or less as expected, no reference to any first time homebuyer or "does not own other real estate" requirements:Snip 2, with an Unexpected Holiday Bonus relevant to high cost of living areas like NYC, the San Francisco Bay Area, LA, San Diego, DC/NoVa, etc."