I have a buddy that has 4 SFR and he has them in his own name and just has an umbrella policy that I think he told me was around $1.5mm. 

Purchase price: $125,000 Cash invested: $45,000 Sale price: $125,000 Fresh out of university, my buddy and I bought a condo in Pensacola, FL in 2005 What made you interested in investing in this type of deal?

I would like to live with a couple of buddies so rent is cheaper, and am thinking a 3-4 bed single family home.

@Caleb Brown yes, I have a buddy from work who is also a REI and we meet weekly to discuss deals, financing and partnership actually.  

I use one account for all my rentals make sure to keep this account for rentals only no grocery shopping etc...Now if you get BIG then you may need several accounts.Then have your personal account for other needs.I had a buddy opened an account for each rental looked like too much work/messy.

So me and a buddy of mine want to buy a Multi Family property in the Jacksonville area.

Thanks buddy, I try...

Next thing I know the house was inspected the offer changed to $75k and my buddy's aunt told them to shove it.The house just may be too far gone, but here's what's got me curious, with the way the market has been and what I've seen in some of these neighborhoods I've been in lately I've seen smaller and older houses sell for much more than what the suggested ARVs are.

OK buddy.

I'll be renting an apartment with two of my buddies, but earlier this summer I learned about househacking and have been obsessed ever since.