We started the 1st of now 5 companies last spring by pooling some money and forming an LLC.

Additionally, no trampolines, pools, satellite dishes, TV antennas, air conditioners, spas, swing sets, or other similar features shall be added to the Premises by Tenant unless express written permission is given by Landlord, which permission may be granted or withheld in Landlord’s sole and absolute discretion.

In the winter its the gas bill for renters using the heated pool and in the summer its been the electric bill from the AC (just got one yesterday for July - $472!!!). 

The biggest difference I've noticed in these smaller markets is the smaller buying pool which equates to more time on market before you close. 

My question is should we each apply for personal loans using our individual 20% down payment for a small business loan then pool the money in the LLC and use it to buy the properties.

A SFR is very easy to sell and has a much larger pool of buyers.

C/D areas seem good for cash flow but in reality evictions, limits on housing authority vouchers, and a more unstable tenant pool means the returns are almost never as good as they look on paper, unless you're a very experienced investor working in your own market (saving money on management fees).

For a few hundred bucks, hotel & air fare... you can immerse yourself in a pool of hundreds of sophisticated and accredited investors.Step #2- Follow up with all the people you met and strengthen the relationship you started. 

If all my money is pooled into one type of asset, in one or a few small towns, that's risky.

The tenant family and our family would share the garage, laundry, pool, and backyard.