I know there is not a ton of resources that don't require large financial commitments, just wanted to see if anybody knew of cheaper alternatives. 

Follow the law and send the exact required notices. 

To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.

I understand that starting out, depending on how fast you want to build your portfolio, you could spend a lot of time at it.For those with established investment portfolios, how much time is required to maintain it?

Perhaps you have coverage for the replacement value BUT the insurance company when calculating the replacement property uses modern building materials like drywall but your original house had plaster which is much more expensive.

Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.

I live in a very expensive market (Seattle, WA) and I am looking to invest out of State.

From what I've learned in this business is that you're not only investing into a deal, but into the people of that deal.I believe that real estate is a game of strong connections, not expensive playbooks.

The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..

What’s required for success in this is deep knowledge of real estate in general and the area in particular; experience in real estate and the local laws, etc.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.