You didn't mention what kind of law you're practicing. 

A person who has spent his 2000 to 4000 minimum CPA practice hours doing foreign currency conversions at Deloitte for a Belgian energy company may not know the first thing about real estate or anything else.

I definitely understand everyone else's practical advice regarding "lifestyle investments" but also think there is something to be said about following what lights a fire for you! 

To live multiple states away and run a string of successful C-class long-distance BRRRRs anywhere in the Rust Belt is practically impossible.

Specifically, I’d love to hear about best practices for managing shared spaces, screening tenants, and setting up house rules.Additionally, I plan to split the utilities among the tenants—any advice on how to handle this efficiently would be greatly appreciated!

I know a lot about the industry through my education, but have very little/no practical experience when it comes to managing investment properties. 

I recommend investing in the area where you live and trying out house hacking—it’s a practical way to dip your toes into real estate!

If you have multiple LLCs, best practice would be having a Plus subscription.  

Seems like a good idea in theory maybe not in practice. 

Quote from @Mikal Toliver: It’s an exciting time go learn, understand, and practice real estate estate investing.