I am looking to purchase my first residential multi-unit investment property, would prefer a tri-plex or 4-plex, but would be open to more units.

The loan is much preferred over the owning that same RE. 

I have seen some where you can’t have any unrelated individuals rent, can only rent out once a year, can’t have Commercial vehicles, limit the number of rentals or they only give out so many “rental certificates “, high app fees for them to approve, the list goes on and on.... perform your due diligence 

Can you disable an individuals access when they move out? 

@David MorganWith respect to contributing to both a 401k including a solo 401k and an IRA, the rules allow for it; however, participation in a solo 401k plan may affect the individual’s ability to deduct a traditional IRA contribution; as a result, you may have to treat it as non-deductible IRA contribution.

I'm buying it for $600k and looking for 70-75% LTV, 5-7 year term and a 30 year amortization schedule preferably. 

I prefer a local CPA in Houston, southeast Houston area.

Also, the rate that any competent individual would command may be more than you are willing to spend.

This is more of a curiosity/poll: do you prefer to buy houses in low income areas for the cheap houses you can buy, knowing you'll rent to S8 and get part-guarantee on your cash, or even just thinking you're doing good for a community by being a real landlord where there are otherwise a bunch of scum?

That could be as big as you wanting to scale up buying and one of your partners wanting to dial it back, or as small as you wanting to invest in a certain area and one of your partners preferring a different area.