I need recommendation on what are best options for my current primary residence.

Example: I bought a $200k SFH as a primary residence. 

If you are looking for a mentor or someone to teach you the ins and outs, you might have to go to a traditional brokerage. 

One of the easiest ways to get into rentals is to add a rental unit to your primary residence or to purchase a home as a primary residence and then move out and turn it into a rental keeping your low-interest rate. 

If that house is still available I would get it under contract as soon as possible as a primary residence and then figure out the details in the coming weeks/months.

That helps offset our current primary: older 3 bedroom plus 1-bedroom lockoff, which is rented below market to great neighbors/dog sitters for $975/mo.

I know people who did it the traditional way but that took 20 plus years.  

It can be very difficult for self employed and small business owners to finance a home because their taxes do not always show a lot of traditional income.

for the wainscoating you could use the sheets from home depot that come in 4'x8' sheets I think they are 1/8" or 3/16 thick and pretty cheap, maybe 20 bucks a sheet. cap it on the top like traditional wainscoating. for backsplash use either tile or or linoleum. the wainscoating can be put right on top with some liquid nails and finish nails and the tile could be put right on top.

There is some hands on exp but it’s mostly all theory and most of the information can be found online(I took a couple of electrical engineering classes) and to be honest the first thing most students do when they have any assignment and project is hop on Google....oh wow here’s the entire information or 90% of it and explained better....... most of what’s taught in school is now free online soooooo at this point it kind of makes you question traditional education since so much can be learnt for free or at a significant cheaper cost.