House hacking is probably your best option.

I'm actually not familiar with Privy at all!

I would suggest picking someone with the most forum posts or the most/best reviews that way you know they are actually active!

My budget will be around $200k but I’m meeting with a lender on Tuesday to go over all of my options.

They actually owe more than they can sell it for.

You can still achieve it, but finding deals that actually pencil out on all criteria (low enough purchase price, low enough renovation cost, cash flows on the backend, all cash out at refinance) is pretty hard.

Does a cost seg or bonus depreciation actually help you in any way? 

I would go with option A.

I figure if the equity we have cash flows better than similar equity in a single family residence in Utah would, then we should consider this AITD as a serious option.

Set a goal of 60 days to educate yourself and dedicate 30-60 minutes per day actually doing it.