You can do the same on a single family as well, but since you’re talking about investing, buying a 2-4 family would make more sense.

There are single family homes everywhere I can pick in that range.2.)

Single family residence in Los Angeles (built in 1962) has only 1 covered parking spot, and a second cannot be added.Do I have to comply with current parking requirements (2 spots) to add a detached accessory structure for storage etc. 

After you have done 2 or 3 under you belt, you can create a single member LLC.

I've got a property with a duplex and a property zoned commercial residential in a single 0.75 acre lot that I'm buying in Jax, Florida.Can this be put into the same RE contract for purchase?

Then they get into buy and hold for single families, and then small multifamily and finally large multifamily.  

Running comps is more art than science and there is no single formula to adjust upwards or downwards as every market has its own norms and the same can be said for sub-markets within that market. 

Result: strong rehab projects at reasonable leverage can fetch a bridge loan with the high single digit rate, interest-only payments, and a couple points up front.

I regret every single rental property I have ever sold!

Initially my wife and I plan on BRRRR'ing single-family homes and eventually scaling up to multi-family.