Step one is to accumulate enough cash to make a significant DP.

Your cash flow is not great at all but at lease you are breaking even and having someone else accumulate equity for you.Let me know if you have any questions about the Chula Vista/Otay Ranch market, I work closely with a realtor that focuses on that market specifically. 

FHA buyers tend to have little cash, and a far higher likelihood of the deal falling through, which means I'm stuck putting the house back on the market and accumulating more carrying costs.

We stage with furniture we bought from a stager who was closing their business, plus things we've accumulated over the last few years.

For some context, my goal is to accumulate SFH to buy and hold long term.

If you accumulate only airbnb properties you might hit a roadblock because of the debt not creating any income.

That applies to S Corporations with accumulated earnings and profits.

Mostly personal preference on SFR over MF, that and the fact that when I was accumulating them, SFRs were what was on fire sale prices.

Renting instead of building home equity eliminates a common way for working families to accumulate wealth."

I've owned and managed in BPt for 12 years and never missed rent and accumulated less than $3000 total in vacancy in the past 12 years.