My current focus is on doing my first flip or live-in flip here, and I'm eager to learn from those with experience in this space.I'm particularly interested in developing solid systems and strategies to achieve long-term financial freedom through real estate.

Whichever way you go, do your own taxes or get a CPA, make sure you have a good bookkeeping system for each rental and I'd recommend getting a business checking account - when I had my rental income and expenses mixed in with my personal account, it took a long time to sort through which was personal and business (rentals) with pages of bank statements. 

Become great at systems and processes because that is really the only thing that makes investing work consistently.  

However, bonus depreciation doesn't apply abroad; instead, the Alternative Depreciation System (ADS) with longer periods is used.The Short- Term Rental Loophole Explained (biggerpockets.com)

There are better systems for under 5% of that.

For ex preferance of 4 Bed 2 Bath or 5 Bed 3-4 baths?

Legal system here only helps the wrong side!

The inspector checks the plumbing and electrical systems, the roof, the foundation, the HVAC system, and the general structural condition.

@Dawn Miller Great I would follow our system to create 2 notes and calculate the what each note should be. 

They know the system, file everything correctly and on time.