Clarification needed because resources could be educational or informational, and assets include but not limited to MFH, MHP, storage, offices, hotels, etc.

I don't think that you necessarily need to hire a property manager, instead take advantage of all the free landlord software that is out there.

any fee's you pay to foreclose are also added to your note.. and if someone took it sub too those folks generally wont have the ability to cure.. but maybe.. a lot of sub too in lower value assets is get in title for very little money then rip the rents.. knowing they will have one to two years in the foreclosure process so they get 800 a month for a few years.. do not pay anything on the property and walk away..

I am very very new to real estate investing (been listening to a couple of episodes of bigger pockets over youtube).My main goal is to start building a second income, and buy more real-estate assets over time. i was think about buying a single/duplex with a friend together as my first investment will be a good start for me. i live in Israel. and real-estate here is very expensive here and its require a big investment just for my first asset, also the return rates are very very low.so my question is what do i need to do .- Do i need a back account in the US.

If she went to Assisted Living - I can help you but it's only KS Specific - each state is different but I'm guessing some of the guidelines carry across states in regards to how she will pay for the ALF and eligibility for Medicaid and Home and Community Based Services (which is a medicaid program that would help pay for ALF)Anyways in KS - in for someone to qualify for HCBS/Medicaid to help pay for their care either in the  home or assisted living - you need to have less than $2k in assets - and consistently less than $2k in the bank - there is also something called a 5 year lookback period - I do not 100% understand how the lookback period works but will soon enough.So - as far as the assets are concerned - if your friends mother has the house and any savings there is no way the govt will be paying for most of her stay in ALF - and I also think it would be difficult to house her in an ALF facility for $3k per month - can be done but tough - Due to no estate planning the family needs to decide on what they are going to do - they will either need to sell the house now and just pay her money down at the private pay rate in a facility until she "runs out of money" then apply for Medicaid and go from there or see if the strategy of renting the house with her present income will be enough to cover the facility she's staying at.Individually the systems are simple however there are so many moving parts to Medicaid HCBS I've discovered in my time as owner of a facility I can 100% understand the families frustrations. 

The software that comes with the tuition seems fantastic.

I use buildium property managment software.

There is a lot more risk for them and their asset portfolio than there is with a large bank considered in some instances "too big to fail." 

(Which for this region is usually defined as breaks even for a recently purchased asset).  

Can anyone else suggest a cost-effective accounting software that is easy to use and is more cost effective?