As Chris said above, you really need to understand values on properties regardless, so starting small in your backyard is always a safer option than going nationwide right away.It is a great business though - congrats on getting started!

In the spirit of "I've finally resigned myself to the fact that AppFolio has me by the balls and I'm trying to do everything that we can directly in AppFolio" I'm embarking on a journey to set up inventory management in our shop storage racks and managed in AppFolio.

However, whatever route you go make sure you hire an independent agent rather than captive so they can shop the entire market for you! 

I see this most often, when people go shopping on the national websites chasing rates. 

Main thing for you is: - Have both you and your buddy talk to the same lender and get pre-approved to understand down payment options and what your combined budget would be- Decide how you want title held (joint tenancy or tenants in common) - do a google search on this to see which option is best for you guys- START SHOPPING!

Athas Capital used to be the king of ALRs before COVID, but since they have closed up shop, I've not seen any lender offer very competitive terms on ALRs. 

One closed shop 3 weeks into my program and removed all their online content.

Some come a facet, others don't, just shop around.If you DIY the install you'll save more money.

One stop shop.

Someone with a good shop vac that has a long hose can get it cleaned out pretty easily.