We own 1, closing on a 2nd, and want to get more.We started out just doing extra rooms in our house and we have learned a lot, and you ARE ABSOLUTELY asking the right questions.To dive right into it, the first thing I always recommend is to ALWAYS buy not only where it is legal, but we prefer to buy in places that already have established regulation.

Is this legal to have a family member buy your properties.Also... my Dad would also be "the bank" for the purchase of 2 duplexes-- let's say.

We have a few agents in our office that are using Zillow, Ylopo, Trulia and a few other online lead gen methods.  

Do not rely on it for legal advice.

There is nothing complicated about being a registered agent - you receive an annual report in the mail which you file online once a year. 

Highly advise taking the proper procedures to legally becoming a property manager, even if it is for a relatives property.Do you have liability and E&O insurance to help protect yourself?

I have read many books and done a lot of research online, but I feel like I am not getting any closer. 

According to phone screening, a couple is legally separated (although they say they are working on reconciliation).

Do not rely on it for legal advice.

What I did not include were the legal expenses associated with two recent evictions as I figured that a 55.6% expense ratio would probably be pretty accurate over the long run.