This strategy allows you to spread out the lead removal costs a bit perhaps not having to remove Lead from two out of three units, and only removing it from the unit where you happen to accept a tenant that has children.  

Scenario A :  The project (in Orange County, CA) I am undertaking is a grand-fathered 3-unit property where I will renovate these units and add two ADUs to the lot.

We operate a professional two-owner LLP unrelated to real estate (other owner is spouse).

Looking forward to soaking up knowledge, sharing experiences, and maybe even providing a laugh or two.

Lastly, once you are ready to meet with one or two PMs I would ask that they bring their operations manager. 

In Reno, NV having an experience at the house like a yoga room, fire pit, pool table, game room, kids play room might be more appealing.

However, two out of the three tenants do not have good credit scores.

Quote from @Greg Teplansky: An LLC is useful for two things: anonymity and legal protection.

I think of if I had to buy my first house two years ago when I was just about to get married, having a variable income with no cash flow supplement, it would be a dramatically tougher situation.

There is a big difference between initial cash flow and the cash flow recognized over a long hold and the two have a poor correlation with each other.