I am about to close on a three unit building and would love to hear how you all collect rent each month from your tenants.

A big shout out to Biggerpockets for being such a great resource!

My best advice is start with personal recommendations from friends and family in the area, try driving for contractors; kinda like driving for dollars, but you are looking in areas where there is a lot of investor activity and start collecting cards.

This detail took a bit of time and research for me.Do you have any resources you’ve used to help with rehab estimation?  

Yes, you end up paying for this in the prorations and prepaids, but if the property is cash flowing then you get to carve out more longitudinal margin and build up a little extra cushion by collecting rents on the first of the subsequent month without the cash outflow of a PITI payment.2.

If equity, the deal is a pooled investment (collective investment) where the investors are passive JV partners.

Give the son 10 days to collect the belongings, and then trash what's left.

There are tons of valuable and free resources out there on podcasts like the one @Rod Khleif does called Lifetime Cashflow Through Real Estate Investing.

Just make all the tenants pay in one payment so they figure out the splits, you just collect one check.

It’s a “creatively” put lease option where I control the property and I pay the seller a percentage of the rents I collect untill I’m ready to purchase the property as a down payment torwards the purchase price ( it’s a year long option to buy) currently I’m renovating the property and getting it ready to rent.