You should be able to see a newly listed 3-plex for $xxx.xx and know right away whether it's a potential deal or just garbage.I started out in real estate with no experience, and in the 6.5 years since buying my first duplex I've analyzed thousands of properties and have a total of 35 units and a self-storage facility.

Some people like self managing and they want a dozen or two houses to pay for their retirement.

Most self-employed real estate investors that actually may have a hard time qualifying for a primary residence in their name because of their self-employment take this route via the LLC and commercial buildings. 3) Another option is to look into syndications and/or real estate funds.

He had very honest intentions to provide value I am sure... but please...stop calling people "experts" when they do the EXACT same thing as ALL the other self proclaimed experts are doing.

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