When you only have a couple rentals and they are leveraged (have mortgages), the rental income is relative small AND more importantly it can be inconsistent.

.: Partnership agreements are important.

But interior space is more important as units are not as big.

It's important to note that forming an LLC may increase costs due to additional filing requirements and potential state fees.

The most important start is a good team or good turn key operator.  

It all comes down to how much experience you have and, importantly, finding the right contractors.

That's why having a property manager that is familiar is important 

A pro forma is vitally important, to make sure your projected returns match your budget.  

Before you select one, however, it’s important to assess the features and cost to make sure you choose the best one for your needs.Here are several things to consider when evaluating net worth trackers:Features and functionality: Some apps are very basic, while others offer more functionality.

I assume you're talking about buying the property at the foreclosure auction, if not then it would just be about getting ahold of the owner and seeing if they would sell it to you.If you are aiming to buy it at auction, this is a really good article to read: https://www.biggerpockets.com/blog/buying-house-auctionMost important thing is to make sure 1) you are buying the 1st mortgage and not a second and 2) make sure you know if there are any tax liens on it as those don't get wiped out in foreclosure.