But only ONE of the leads says "Cut off account for nonpayment."

Additionally, you should examine the past two months of bank statements / investment accounts to ensure applicants can afford rent even if they lose their job.

This leaves me with single-family turnkey or BrRR opportunities, which I would most likely convert from primary residence to rental property six months after purchase. 

Most tenants appreciate I upkeep my places and I am friendly with them but do hold them accountable when it comes to a tenant following the rules of the lease.

Also I hear how people can hire their kids and pay them to do tasks without going the W2 route if you pay them less than 13,500k per year.Is this true and how to do people usually pay them straight from the corp to their bank account?

And, you'll need to account for that expense in your financials.

We both are drawn to either single family long term rentals, or STR’s in the right locations.Right now we have $20k cash available for immediate investment, with the ability to increase that to $60-70k in the next 3 years through savings and bonuses at our day jobs.

I spent a good amount of money and never got a single deal.

Tampa, near the Base for 30 years and all my Tenants were Minimum Wage Slaves, without a Bank account, who could not pay the Rent if anything went wrong.

Being a single guy in his 40's, the flipping concept is right up my alley since being commitment-phobic is not necessarily a disadvantage here...