Apologies for the newb question:

Do i need to have this Ubuntu computer on 24/7 for this to work properly?

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Discussion

Most of the benefits come from it being always-on 24x7 but it won't hurt if it goes down from time to time

It'll run on Windows/Mac too but would be a manual installation

I personally recommend an old laptop with clean *buntu install, the built-in battery makes it much less likely the node gets corrupted. Since it uses neutrino a 4GB of RAM clunker with ~20GB of free disk should be adequate (would suggest an SSD at least though)

I should caveat that we have NOT automated watchtower setup yet, so something to consider if you'll be offline regularly