., Consensus - simple lease with a separate option to purchase at a pre-determined price. 

Theres many states you can invest in and since your young if your open to moving I would suggest going the house hack route where you can buy a property and live in it while renting the other rooms or units if you buy multifamily.

I definitely want to keep it simple and less expensive

Go to the local FB groups, YES that simple, 

It was a simple question that I am saying it qualifies as an investment property and it was a SFR 2 out of the last 5 years.

This might be a lot of new information for you so feel free to ask if you have any questions.As has already been suggested, you might want to consult with a good real estate attorney who practices in the area where the property is located. 

I would make a suggestion on your target market strategy.  

 @Jordan Moorhead Thank you for the insight, Devin has some suggestions and tools I am looking into as well!

What are some suggestions for better systematizing a small portfolio, to where we’re not doing it all manually, and we can have reports to better assess where we’re at throughout the year?

Jose,All I can suggest is to shop it.