For example, since HUD only considers the highest net, by forfeiting my 3% , my bid of $97001 beat another bid of $100000 with an agent collecting 3%(Simplified)

Should I hire a collection agency?

I collect rent and find the tenants.

It is unlikely that they will get rid of the dog if they stay, And you may be looking at boot out situation with legal fees and added time collecting no rent compared to just letting them out of the lease.

I’ve collected rent since the day of closing, so far it’s $4,100. i’ll have my down payment after year is up. save the rental income. that’s why I house hack.

Just wanted to know if anyone had a non excel sheet based automated solution for collecting and maintaining COIs.

If the properties are split into more than one LLC, then each LLC will need its own accounts.Checking: collect all income here, then use it to pay bills.

Hi, I live in Charlotte, NC and I am brand new to house hacking and real estate I have 4 rooms in my house to collect rent from and I am looking for the best software/way to collect rent/manage the property.

Either don't accept any of the CL risk, let that be his contribution OR accept 100% of the CL risk, hire your friend as a GC, and collect 100% of the profits. 

Doing your due diligence and collecting research every step of the way is also crucial.