Once he has some experience, your friend could start a fund and take on investors.

I feel I need to protect myself and get the property to be owned by an LLC...But I need STEP BY STEP instructions including how to start the LLC. 

I'm starting a  househacking journey and my mom will be financing the home.  

But that could take decades and not really what it sounds like you’re interested in.Foley is starting to grow quickly right now.

I have a few specific questions and would greatly appreciate any advice or insights you can offer:Tenant Communication: What's the best way to introduce myself to the current tenants and inform them about the change in property ownership?

The presence of the wiring was noted a week or so after we were in contract, but I also assumed from the start that it may come up on inspection due to the age of the property, and its location.

My wife is a nurse and I am telling you that was hard for her.Texas is a good place to start.

I'm very excited to get started with building my investment profile. 

Started at $625k nearly a year ago.

Mid last year I came across biggerpockets, have been learning about REI and am thinking house hacking maybe the place to start for me.