Specifically, I’m curious about the following:2/2 vs. 3/2 properties: Are there significant advantages to offering a 2/2?

The advantage is that rehab loans are based on the value of your home after the improvements.Since Home 1 will be the quickest to move on, please DM me the state where Home 1 is located, the purchase price and how much you have spent on rehabs to-date.

I will definitely look to take advantage of that resource.

Their advantages include house hacking which includes better finance options and hustle.My last purchase was so large cash negative that the rents were $3k less than PITI.  

There are many advantages that small multi-family properties have over single family properties in my opinion.

Leveraging your GC company for value-add multifamily is a huge advantage.

@Sam HendricksenMultifamily is super competitive in this area and you have a huge advantage over your "competition" with the fact that you are owner occupying as most deals nowadays hardly cash flow. 

Most people are just too lazy to take advantage of them.

It also does help if you have a well-known lake, park, etc. in the area but since Salt Lake City is nearby that could possibly be to your advantage. 

And I feel like I got took advantage of.