Initially I would become friends with several real estate agents that are familiar with the area you wish to invest in and who are also familiar with the ins and outs of a multi family property. 

I will initially be investing in the Decatur/Huntsville Alabama area. 

Once you have them served and file the papers with the court, the court will assign a First Tier Hearing - basically a mediation session where hopefully you are able to work out a move out date certain (with the tenant paying use and occupancy).

However, being two months behind adds urgency and risk, as initial rent payments may delay.

As for your initial questions:One lender I have spoken with stated that the DCSR loans are not regulated.

Hi Andrea, you could definitely get creative and give less interest on their initial loan and more of the split in the end depending on what your goals are. 

I setup my entities and it takes between 15-30 minutes to do the online applications.Ohio Domestic Business Entities Fee Schedulehttps://www.ohiosos.gov/businesses/filing-forms--fee-schedul...Ohio Foreign Business Entity Fee Schedulehttps://www.ohiosos.gov/businesses/filing-forms--fee-schedul...Looks like it is an initial $99 fee either way. 

The deal cash flows minimally initially then after the second and third mortgages are paid off it becomes a cash flow cow.

Initially, I was using Quickbooks (QB) and then when I go a couple more properties and multiple LLCs it was difficult to manage on QB and required multiple QB subscriptions and this got expensive.

They'll just keep coming back with new issues for you to fix.How to tell if this is a legit mold issue or if it's the tenants problem: initial sniff test goes as follows....did the previous tenants have this issue?