@John Cooper when you or someone you care about is living in the home it is important to be extra vigilant in choosing tenants.

Also, I would want to see Line 14 SE shown as 0 no matter whether it's reported as Line 1 income or Line 4 guaranteed payments.Good luck in pursuing with AHP if you choose to go that route.  

@Michael BertschAs a general rule, we only leave a fireplace functional unless it has a sealed, externally vented, gas insert ... and, even then we may disconnect it.Check with your insurance provider and see how unhappy a functional fireplace in a rental makes them.

Agree on not finding a multi with $40k, will need to put more cash in but it's a decent chunk

What factors should I prioritize when choosing the best approach for my future success in real estate? 

There are dozens of platforms out there to choose from though - so not just pushing that one - it's just the one we chose.

During the Lula setup process, select "I will choose which maintenance requests will be sent to Lula" instead of opting for all requests to be sent automatically.

My wife and I are interested in owning Multi Family RE. 

Many being multi families. 

I also live in Orange County (Just north of Fullerton) and am interested in learning more about multi family house hacking.