How much time / cash / other are each individual expected to contribute?

putting a fund together to do this. there Is one in Texas called Texas triangle fund who raised 25 million dollars and focuses on national tract builders. individual funds versus pooled funds. higher end of the market is riskier the land entitlement guys I know wouldn't touch these unless it's entry level homes and national builder that is selling. good to have the contacts. in my two markets in Columbus Ohio and miami the only one where you can do this is Columbus Ohio because of affordable land prices.

Median individual income is 25K a year, and the median rent is $1200/mo.

I have used LLCs individually for the properties that I've owned and I'm glad I did. 

Then split bottom line 50/50 with the partner (individual) after all other expenses are paid.

One of the features I like from Pipedrive is that you can add multiple properties to an individual.

BUT, then you want those landlords to judge every single tenant individually and not lump them all together with the ones that lie, cheat, steal, and destroy the property on purpose?

Great place to learn and connect with like minded individuals.

This group of 10 individuals has, through direct investment with us, and referrals accounted for over $65 million in invested cash in our syndications.  

A JV structure is good for a one-off deal because the only commitment you have is to the investor(s) and that individual project or deal.So in part, the answer to your question depends on what your objective is.