I understand that I should have a separate bank account from my personal checking/savings, but based on my research, this first deal won't necessarily provide cashflow with me living in one of the units (it will when I move out).

Since I live here and am within 15-20 minutes to all my properties I chose to self-manage.

Lovely couple and her sister living in House . great tenants . sister says she might move back to Florida one day and refuses to sign the lease renwal along with the others. 

I was thinking of living in one of the units for at least 3 year probably more.

They have a whole department that investigated "occupancy fraud", which is a felony.The rules state that you must live there for at least 1 year.  

A little background info about myself, I currently work outside the U.S. for 9-10 months out of the year and live in California.  

YES replace the furnace, 1800ish, ASSUMING is about 1k- 1500 sq ft house  Boy things are cheap where you are . roof is $450 to $600 a sq depending on pitch here in Maryland  I know I paid $550 a sq  ( 55 sq OUCH) when I lived in SC, total rip off, Material cost them about 100 bux a sq, 450 a sq profit for two days, Not a bad gig. 

My living expenses were almost completely rolled into the business model and I lived among an ever changing group of guests who made life lively and entertaining.

I have a unique situation that I cannot seem to find a very clear answer for, hopefully the BP community can assist.My wife and I got married last September and now live together in a house we purchased together.

Quote from @Robert Ellis: Quote from @Daniel Rabinov: Hey, I had a similar post in the past, but wanted to repost with a bit more focus on the area - So Miami/Broward County would be ideal.I would like to hear about what would be in your opinion the best way to capitalize on real estate while living in Miami as a new investor while leveraging sweat equity. 1.