Your credit score (672) is a bit on the lower side, which may also be contributing to the higher interest rate and cost.Have you looked into working with private lenders or small local portfolio lenders?

But, again, if you friends  in Indy know a thing or two about investing and can partner with you, where you both have a financial stake and they get "more" of the pie relative to their equity contribution in order to oversee the success, that would be the ideal scenario in my book.As for broadly in markets, both are considered pretty good.  

Looking forward to seeing your contributions!

Each contributed a third of the amount for down payment, since I'm single I'm moving into one of the units and we got it at 5% down.

Having said that, the original author of the post do contribute a lot to answers on BP and I wouldn't take that away from him. 

Looking forward to seeing your contributions!

As far as capital goes, those will be written in the legal docs as well if there are requirements of capital contributions, if so how much, who is responsible for what.

But get an LLC and rent from it personally...any cleaning expenses, paying your mortgage etc. come from the LLC's bank account, any outside money that you need to fund the account will be a capital contribution and then you will be able to do cost seg on that property.

Currently, I invest through Betterment with a general investing plan and a Roth IRA, and I also contribute to my employers Roth 401k plan.

It’s inspiring to see your eagerness to learn and contribute to the real estate community.