We need to find a good app/website for them to send rent as well, preferably one that has many things built into it, making it more simple to manage things in one place.

We are fairly new to real estate investing with one single-family, cash-flowing property under our belt in Augusta, GA.

If you’ve ever been frustrated by the bidding wars and overpaying for properties listed on the MLS, you're not alone.

It’s one of the few places where you can realistically achieve solid returns without needing a massive upfront investment.If you’re open to exploring other markets, Detroit might be worth considering.

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

Cashflow is not extraordinary because I financed on a 15-year mortgage.

In addtion to the typical 'SOLD' Comps, I also always run Comps on what is currently offered for sale.

And no; if you own 50% and your friend owns 50% he qualifies for exclusion on 50% of the sale. 

Congrats on getting started Kyle!

Proof of claim reserves any rights you have; if you have a lease with the tenant your “claim’ is the amount of future rent owed on the lease.