You can avoid section 8 if you rent more quickly to a self pay tenant. 

I recently sold my townhouse and made about 90K and am ready to invest on my first multihome (Florida market, planning on self managing as I am just starting out) Should I put down 20% down to make more profit (no pmi) and later on get a heloc to reinvest in more properties or use the fha loan for 3.5% down, I am thinking of house hacking at first and use the remaining money to invest in a couple more properties (less profit due to pmi)? 

Let me know if you have any specific tax questions.Your profile mentions that you are a flipper - The goal for the CPA that you work with should be to maximize the deductions you have and see if there are ways to reduce to self-employment tax liability.Best of luck!

Since I am self employed, mostly paid in cash, my income tax shows only an average of what I made per year because my income varies as self employed. 

Also yes, I would prefer to be  close to my properties as I do self manage for now.

There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesAlerts can be really helpful too: http://www.biggerpockets.com/alerts

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.If you are looking to connect with other members near you, or want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users

If you decide to syndicate self storage, stop tempting yourself to get distracted by reading about land flipping (just a couple of examples).

I’d add the gurus you speak of are excellent at self promotion much like other highly successful people in different venues. 

We are also self-managing the property, it is stressful but a good way to learn.