Any advice for how to go about choosing the home to buy as a first time fix and flip investor?

I'm sure a lot of people do exactly what you are describing, but instead of renting all the units they choose to live in one and let the other tenants cover a part of their living expenses. 

Welcome to BP@Joanne HansonLaws are different by state, but being a landlord is the same.You're going to need to start reading forum posts, listening to podcasts, reading books, watching videos, going to REIAs, networking, and educating yourself.

My primary residence has 200k+ of equity(due to significant rehab and market growth). We've decided to move to another home, keep this as a rental and plan to aggressively invest in RE via BRRRR strategy. Trying to de...

These are actually key factors why we choose to live in that area.

I had envisioned having several qualified applicants and choosing the best fit from among them. 

The entity you choose for your business really depends on your business specifics rather than the 401k plan.

I just came across BiggerPockets after seeing several YouTube videos and listening to some starter Podcasts.

Being on M2M you may do as you please in having what you choose in your new lease (also M2M).

@Adam CraigHI Adam,You like red, a  dark red might work, but  maybe for the trim instead of the door, with sand color for the main part, and an earth color for the doors (front and back) to make them look "inviting".Whatever colors you choose, it's always wise to have the painters try them on a small part of the front so you can see them before you commit to buying several gallons.Sherwin Williams codes:Good Luck!