Normally a lot of people will just flip a property and split the profits 50/50 but even tasks can be split.

I dont believe there is any kind of HOA or ruling organization for these group of houses but it has me concerned that if one day they all decide they want to repave the driveway or add lighting or something along those lines, they would try and make everyone chip in and pay their fair share. 

That's not a "net profit" of $550/month because you haven't accounted for vacancy, maintenance, capex, or other expenses.

I know Dan Deppen and Chris Seveney both have membership style organizations.  

If it's a larger organization, feel free to inquire about their staff qualifications.2.

Profits are much better and less of a hassle than dealing with short term/ airbnb. 

Makes it easy to keep the cash organized as well as bills.You don't need a credit card but debit cards for each place makes it easy.

Good luck to all of us = )   Actually I'm a partner with 2 other seasoned note investors and we have our own Reg D equity fund that buys 1st position NPLs and RPLs with a preferred return and profit split to our investors.

@Sebastian Tamburro you're going to get advice/offers from numerous people trying to profit off you - be careful!

I am very perturbed by the authoritarian way the program is managed currently, it feels like landlords are being purposefully ignored because we are profiting from the relationship (lets face it, everyone is...it's called business.