Nearing completion, aiming to finish renovations by year-end and move onto the next deal.

I'd be heavily focused on mitigating that future tax liabilty rather than directly supplementing that income.

That'll help you figure out what direction to aim in before speaking with a bank to figure out how much you can qualify for. 

Do you have a certain type of self-storage you are aiming for? 

One of my goals is to go through my past tax returns, and figure the ROI my rental properties with taking into account the tax savings (I typically calculate the ROI on net cashflow at the end of the year)I have a W2 so I generally aim to maximize my pre-tax accounts - 401k, HSA, IRA to a backdoor Roth IRA, 529My "losses" would be passed forward since I don't qualify as a RE professional nor have active RE losses.

Setting your aim on a more specific part of CRE might help you find someone easier. 

My main aim of interest in real estate is to increase cash flow and overall build wealth that can replace my day job and give me more flexibility with my time.

So it does appear to be possible to get an FHA 203k loan for a 5-unit & convert to a 4-unit.When possible, aim for the Limited (aka Streamline) 203k loan, as it's less complex, not required to get an FHA consultant, etc.Of course, this is based of the two following important assumptions:1)  zoning allows for this2)  and obviously I owner occupy for at least 12 months3)  the total purchase price + renovations are within the FHA loan limits specific to my areaWhat I'm confused about is the timeline or chronological order of the process? 

When analyzing deals, aim for 15-20% cash-on-cash return, 50-70% occupancy, and at least 2-3x your mortgage in revenue.Good luck!

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