Hey!
 
I just got my copy of NI Kontakt 5 from the summer sale.
 
1. Can I install it on multiple machines? I mainly use two separate ones in my appartement.
2. Any free libraries worth checking out?
3. Tried searching for video tutorials on how to create own libraries and patches but didnt really find anything real good for version 5. Anyone out there who can point me in the right direction? Doesnt need to be free.
 
/M

1) I believe you can install it on at least 2 machines (if not more).
2) Free....I don't know.
3) Check out the Grove3 tutorial site for K5....I have the tutorial for K4 which is very good.....I don't imagine it's much different than the new features in K5.
 
There's some really good 3rd party libraries for Kontakt.
 

I've had Kontakt 5 installed on multiple machines.
Not a problem...
 
Lot's of decent low-cost libraries available for Kontakt
Links to many are posted here (they tend to be smaller/simpler libraries).
You can learn a lot by looking at the included content... 
 
Kontakt is deep!  Don't expect to master it quickly.  You can spend years working with it... and still not use all the capabilities.
I'd read thru the manual... and start with "dissecting" a small/simple library.
 
 

Here are a few freebees for starters.
Hollowsun - In particular the Novachord
Soni Musicae - Nice Harpsichords, a house organ and others.
Soniccouture - A nice RMI Rocksichord and some othe stuff
Embertone - Some nice freebees here - Intimate Strings Lite is very good.
Boulder Sounds - Some pretty eclectic stuff here
Pettinghouse - some reasonable guitars etc. 
Analogue Drums - Big Mono is Awsome

Cool! Thanks! Ill check some of those links out! :-D

Here is a nice list of freebies for Kontakt:
 
rekkerd.org/freebies-for-native-instruments-kontakt/