So far I got only individuals with a rent limit of 1200-1600is it  common to let  2 - 3 individuals who don't know each other rent the house?

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

I tried to reply individually but I guess it thinks you're a bot when you post too frequently in a short time period so I got locked out of my account lol

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

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

@Eamon Conheady - was the other lender a company or a private 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?

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

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. 

Great place to learn and connect with like minded individuals.