-If I decide to live in my first purchased property and stay close to LA, would you recommend buying a duplex/triplex and I live in one of the units and rent the others, or buy a SFR and live in the back house and rent the front?

My advice get many different terms and decide which one works best for your investment. 

first you have to decide what you want to do in the note business.. what most of the responses are talking about is buying bad debt.. and 2nds at that which this is the most risky and the most work..if your looking for work and risk and job then that kind of note investing is for you.If your looking for Passive income with no work and Limited risk then you simply need to align with a great HML who takes on private clients or those that understand where performing notes are generated.. we have done over 1700 performing notes for clients that last 5 years and really don't advertise at all. simply because once you get conservative investors in your program it just feeds itself.. deal flow is the key right now.. most have a hard time finding quality. finding defaulted seconds is easy.. and the most risky. 

But yes, in a BRRRR, one would hope to get all their cash out ultimately once the refinance happens, so none of my cash would exist within the deal therefor any cashflow is gravy.If/when I decide I'm going to do a BRRRR, I envision I'll be working directly with an agent/wholesaler to source listings per my own criteria.

You can burn up your FHA and get a low down payment loan or you can put down 25%, what you decide to do will largely be based on your goals.

Me and my husband (my boyfriend back then) did our first flip together without an LLC and then we opened one after we decided to keep doing it.

Debt first (assuming this is high interest or credit card debt) is the best first step as it is a high yield return on your money that is basically guaranteed after that you should decide how you would like to invest and learn to analyze properties, you also want to make sure you have financing in place before you start looking seriously just in case you want to put in an offer on something.

We have decided to sell a few of our rentals for the same reason only to continue to reinvest in more foreclosure opportunities. 

That was the moment I decided I wanted to be in charge of my future, to be my own boss.

I'm trying to decide where to invest my money.