Between the renter and my friend I am only paying around $300 for the mortgage.

I currently have a spouse and close friend who will be investing with me. 

New to investing and my first property is a triplex in Alamogordo NM that I bought from a friend for $50k(seller finance) who wants out of the real estate business.

I began to try to harness some of my "how to win friends and influence people" dogma and told him that I could possibly provide him with a completely passive income stream that would allow him to move to Florida without any of the active burden that landlording required.

We take a friendly approach but always let folks know up front, “we will evict you“ If uou dont pay rent.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I manage long distance, have contractors on speed dial, and several college friends I can call to run over to the house if needed for 50 bucks a trip. 

My current realtor (a friend) has no experience with foreclosures, would I be better off with someone who has dealt with foreclosure or distressed properties?  

I have lots of friends in the Delray-Boca area. 

I've chatted with a lot of friends and people who are just starting to having a set method.