Additionally, house hacking isn’t an option as I have 3 young children. 

Try to narrow down your options to the top 3-4.

One option is ServiceLink, which provides auction services and maintains listings for properties that have been foreclosed and are now available as REO properties.

I understand the concept, I own some REIT, but I wanted to tap into more hands on investing, and perhaps build wealth faster as BRRRR allows for that using 75% loan to value options, etc. 

He can however instruct you what your options are throughout the transaction.

They're definitely an appealing option, especially when long-term rentals aren't cash flowing as well.

I'm looking for a skip trace platform and seen these two as an option.

I recommend talking with an attorney to see what options make sense for you.Once you have the ownership/legal entity situation handled, you'll know how many accounts to have.

I am inclined to this option as it would allow me to return home to assist my parents and save money while pursuing my law degree.- Does anyone think this is a sound idea?

being a "generalist" is not really an option in commercial in my mind.