I also have a small group that keep it very simple and use the 1% rule.

Pretty simple, actually.

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-bpThe 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.

Simple measurements, plumbing stacked on multiple levels when available.

Simple. 

It’s that simple.

Concentrate on one niche in RE investing at a time. 6) As far as your friendship/partnership, if your and your partner(s) to be objectives and long term goals are aligned and your attorney spells out clearly each partners' responsibilities in the operating agreement, you should be fine. 

You will want to have a very clear operating agreement written out before you start operations that accounts for several issues that could come up in the course of your business together. 

I am on looking to purchase a property with this cash and operate all parts of the property through the business bank account.

The issue of rent collection is pretty simple.