Depending on your goals and the volume of deals you are seeing that you'd consider a "buy" , it might help you scale faster. 

The most common and important items have been missed here thus far.ShovelsWheel barrelDemo is the first thing that starts and these two items are essential.

Thank you.Hi Adam,In response to your inquiry about approaching a Real Estate Owned (REO) property, it's essential to clarify a common misconception regarding banks and real estate.

Whether your objective is to generate rental income, create equity, or both, having well-defined goals can help you make informed decisions.Analyse your income, savings, and possible down payment in relation to your present financial status.

Like-Kind Real Property  The following list of real property asset classes represents interests in real property that usually qualify as like-kind property for 1031 Like-Kind Exchange purposes: Single Family Residential Property Multi-Family Property (Apartments) Commercial Office Properties Retail Shopping Properties Industrial Warehouse Properties Triple Net Lease (Net Lease or NNN) Investment PropertiesAgricultural (Farm) Properties Vacant Undeveloped Land Oil & Gas InterestsMineral RightsWater RightsAir Rights Easements in perpetuityLeases with a remaining life, including options, of 30 years or more Tenant-In-Common "TIC" Investment Property InterestsDelaware Statutory Trusts "DSTs" Investment Property Interests Vacation rental properties (income producing)

I hate to overwhelm you even more but I'd really look at the Midwest market and see if that makes sense for your goals.

You could also have a separate agreement outlining house rules...I havent done this but it's something i'm considering.Here are a few issues that have come up while I've house hacked:- Tenants disagreeing about how clean the common areas should be, WHO is cleaning, and whether it's worth having a cleaning service (monthly)- the house's temperature- Some tenants leaving things out in the common areas and other tenants getting annoyed at it.Every situation is going to be different, but if you've ever lived with roommates...it's similar to that, except you're not paying rent! 

Software is a common question on BiggerPockets.

Ask how they got started, their investment goals, how they're growing their portfolio.

However if you are pooling with other people, it can be far cheaper than everyone getting separate rooms at a hotel, and you all have a common area to hang out without sitting on beds.