@Raul Mena There’s really no need for an LLC at this time, but landlord insurance and/or an umbrella insurance policy may be a good idea to give you extra protection because of those other people living in your home.

We started to log hours using REPSTRACKER, but you feel manual tracking in a spreadsheet is just as good / better? 

Good luck!

I am just starting out so my goal is long term wealth building through appreciation and cash flow.

Both are good compared to all the others (e.g.

Also, I’m considering working with a real estate investor, property manager, or an investor-friendly brokerage—do you think that’s a good idea?

With a long-term mindset and connection to the Oakland community, you can build a successful real estate portfolio.Good luck!

In general, people have been VERY good about it.

Maybe a  good idea to have a reputed and vetted attorney to draft and execute it.Partnerships can sometimes have misunderstandings even among close friends

We have a dozen or so properties there, that are without water indefinitely, perhaps as long as month.Of course, that's small change compared to the utter destruction and loss of life.