One is online 24x7 like BP and youtube videos and another essential facet is belonging to a few local REIAs at the same time.  

I'm looking to be a bird dog in regards to finding multi family property's.

Seems we have had single family policies (1-4 units) and multi-family (more than 4 units) and I can see the question asked on multi-family.

I want to confirm that I am correct:For the first multi-family, which we are going to occupy, I can put down 3.5% with an FHA, whether it has 2, 3, or 4 units?

Other than all that, everyone likes a killer home theater or a 3D video wall & ceiling in a night club (ever been to The Fremont Experience in Vegas?).

I've had a couple of buy and hold properties but now I'm actively looking at ways to achieve more passive income through short term rentals and multi-family units.  

I'm new at REI and am currently looking at Worcester Ma multi families.

Keep in mind this 8% PM part is best case scenario. 14% is likely more realistic long run with lease up fees and service calls.

I was curious as to whether there is a wait time needed before a landlord could add the monthly rental income he receives from his multi family property onto his own personal income? 

There was an episode on American Greed about Remington financial.. they were in business over 20 years their target was small commercial to bigger multi or commercial.. they charged 5 to 10k DD fee's estimated they brought in over 200 million in the 22 years they operated.. by the time the FBI was done with them.. they could not establish that they had made more than 11 loans in all those years.... long prison sentences. your instincts are fine and intact.