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

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

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

@Christopher Morrisi tend to think of 'cash flow' as a function of an entire portfolio rather than any individual property, or any specific month. 

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

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?

Given how the housing authority does their rent price determination on individual units, and government ran programs are never beacons of efficient processes, it can go either way.Note, the examples I speak of only relate to C-Class and below areas.

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. 

Check their social media profiles to gauge whether they are reliable individuals.