New to bigger pockets community, however i have been studying and reviewing tons of information from books and podcasts regarding rental properties.

Study the landlord tenant laws of your jurisdiction and see if you want to take on the responsibility of going through the the eviction process.

I discover a totally unknown world for me.

Hi Jose,It is very important when we are finished with our clients cost segregation studies, that we have competent real estate experienced CPA's who know how to process the studies. 

My plan is to give myself till April 1st to find a 2-4 unit to purchase with an FHA, study the local market and if I don't feel like a 2-4 unit is obtainable by then, then I want to use an FHA to buy a single family house which I'd live in for 1.5-3 years while looking for a duplex/triplex/fourplex (I'd rent the single family house after moving out). 

We listen and study a lot but are scared of the Shiny object syndrome that David and Brandon often reference.

Study title research before probate.

Sounds like you need to study your contract carefully. 

While studying for my pre-license exam I was introduced to the idea of a commercial appraiser.

When studying the market rate I would focus on floor plans (match the square ft of recent rentals if possible).