You mention going on title and taking over the loan - is there an existing mortgage?

Happy to provide some unbiased feedback on PMs in OH.

My spouse and I purchased a home in Nov 2023 (that we will move into in about 1.5 years), that has an additional 2 bedroom apartment and 1 bedroom studio on the property.

Does anyone have any good recommendations on books or accounts I can follow or read to learn more? 

Sherman offers higher cash-on-cash returns.Good luck!

Quote from @Padam Neopane: I would not attempt this on your own, especially the first time.

Listen to the BP pod cast show number 77 and there is some good info on approaching sellers. 

When I see these new posters do nothing but recommend the same company in every post and not participate on the site in any other way, I get very suspicious.If you newbies have affiliations with these companies you're promoting, I suggest you disclose it.

I plan on holding this home long term due to the low interest rate (2.75%) and renting it out long term to cash flow and build equity simulataneously.

You're essentially buying into a partnership with your friend with the partnership owning and operating the property.Now, the financial side of that gets more complicated and would generally include an advanced proforma/financial model that includes a GP/LP equity waterfall schedule that is based on how you and your friend agree that you will pay her and also share the profits.I assume that won't make sense to you right now, but I'll send you a DM.