Specifics such as do you all setup an LLC between each other, simple partnership paperwork, etc. and if you go for funding is it easy to apply with 3 or 4 people on it ?

I am looking for a cost-effective, easy accounting system that is user friendly for landlords or anyone with a very small rental business. 

For smaller properties, most easy opportunities have disappeared. 

I would say the process is pretty simple, but not necessarily easy.

You can purchase a multi family home with your entitlement, live in one and rent out the others  with 100% financing.That should be your preferred method of financing for the least amount of money out of pocket.  

I personally believe though that it is very easy to get into the trap of analysis paralysis if you go to deep into this.

Please go easy on me, I'm new to this. 

The company building this platform would help with an easy sign up link for the small business, template letters from you and your school, a payment link (small business would pay), etc. 

How easy is it to find month-to-month leases in Houston, TX?

Failure to comply can result in a $12,000 fine (and they do enforce the rules, which are easy to enforce seeing as short term rentals are almost always advertised on a handful of websites that anyone can see including code enforcement agents).