Only thing that is a pain is having separate accounts and transacting through that.

Separate small dr space, full kitchen, jacuzzie and full shower bath.  

In theory, I think the joint venture agreement could work, especially if spelled out in the JV agreement contract, but theory is often separate from reality.

Are you using a separate insurance product on top of the policy in place on each property.

Two major choices- I am still trying to figure out which would be more profitable, but need help figuring out the numbers on option 2. well, on option 1, as well, but that will be a separate post!

Truly the follow thru to actually connecting with some form of real estate investing will separate the players from the armchair quarterback.

I had two separate rehab deals under contract that my hard money lender originally approved and then backed out due to the housing market crash. 

I know to check my emotions and ego at the door.

Do the properties you are looking at have all utilities separate?

Cops show up... they open door letter on table... wallet on table... cops turn say go to your car.. man had committed suicide in the back yard... these are highly emotion charged events with these folks .. working pre foreclosures  or what have you one needs some pretty serious apathy skills..