Educate yourself with resources like The House Hacking Strategy and practice analyzing deals using tools like BiggerPockets calculators.

And what is your price point, and it sounds as if you're OK with slight to moderate rehab, is that correct?

Small correction.. by small apartments we would be looking at 20-30 doors.

Additional resources and tools via brokerage.... 

We share best management practices, systems & tools, and our networks.

Again, this is all with the preface of a C4D done correctly and legally. 

all materials, all labor costs to others, Not you, utilities, interest payments, permits, licenses, auto/truck expenses, tools needed are all deductable. 

Correct.

All of the tools that you use to try to figure out if a potential tenant will be a "good" tenant revolves around trying to answer those 3 questions.

Some IRS agents may still require filing Form 1065 for 2024, so be prepared to file for this year before transitioning in future years.For Question #3 on Form 8832, you are correct that it asks whether the entity has more than one owner.