So far, there appears to be a multitude of internet gurus off of Youtube, who claim that owing multi-family real estate can be a passive investment, through a property management company.

Check the general internet news for more specifics.

I guess another question would be how accurate is the Appraisers information if I can't find the home on the internet besides the highway it sits next to

. Tenants usually Take that time to complain when they’re paying you.In your case I would just insist that he gets a prepaid card and go through the Internet as you set up.

Lots of great insight on here, and at the end of the day it sounds like your friend should be talking to a business attorney and CPA for advice, not an Internet forum.

I’m trying to understand what permits are needed and the cost but can’t find information on the internet.

Internet will burn up!

@Jackson Long I am not in front of my laptop, but I want to say 70% of our leads came from internet and the other 30% was referrals and yard signs. 

I would not include hard money lenders as standard small business banking banks, though I will likely use them for specific projects if they support a project appropriately and competitively.If anyone has strong recommendations, or recommendations that I'm not going to get from a basic internet search, I appreciate a reply or direct message. 

Can also use the forums to help answer specific questions but I think books, internet etc....study study study.