But I figured that couldn't be the case at all times because, in theory, I'd think some properties would be large enough to facilitate multiple entities. yes if you had significant acreage you could probably split the rights, which I would think would need to be like 50+ acres or so, something smaller I am not sure how it would be split if they both have rights.

Pay a contractor to walk the property or multiple to get a idea.

@Jason Tucker Yes, you can't turn them away because of their sex but I've seen some investors who have multiple rent by the room properties "refer" someone to one unit vs. the other.

New to this community, heard great things. New investor looking to learn a lot. Thank you in advance. As I mentioned I’m a new investor. I am creating an llc with a couple friends as we go into this new endeavor. My q...

4) If yes to #3, then may I have the link for such a information from a Limited Partner perspective? 

That's not even talking about primer, possibly multiple coats, that will be needed to cover purple paint. 

You can structure your home with an LLC, or even invest with multiple people.Peace of Mind: 1-Yr Rent Guarantee: We guarantee rent for the first year, so no matter what you will receive your rental payments uninterrupted and you’ll be making money from day one.

It is definitely important to find a great property manager, especially when you have multiple properties as an investor.

Out here we call it the MLS, Multiple Listing Service.

Take that and use a 3-5x multiple and then you have a better idea of its worth.