If the separate leases stated that each individual was personally responsible for 1/4 of the total, then I would agree entirely with your assessment.This information comes directly from the Rental Housing Association of Washington State (RHA WA) and directly from their attorney's whom I just got off the phone with.Either way, I appreciate the help and advice! 

Newbie to Landlording.Having read the book by Brandon Turner, I realized that there are few information gathering forms (such as Application, Potential Tenant Questionnaire, Move-out Survey Form, etc) that can possibly be converted to Electronic Survey forms (such as Google Forms, SurveyMonkey, Qualtrics, etc)If anyone is kind enough to share their Electronic Survey forms, I can try figure out how the form can be replicated with another person so that I can customize and reuse. 

A Class stabilized is 4.5-5% caphttps://www.cbre.ca/research-and-reports/US-Multifamily-Cap-Rate-Survey-H1-2019

The problem with this is that I don't know if those were sold at at foreclosure auction or in some shady way between associates, or if it was  just structured that way for business purposes. 

Join a Landlord Association!

Debt gets paid an interest rate.So, I would first suggest looking at those to determine who did/does what, and the value associated with those. 

What you don't have to pay is approximately $1000 per year to be a member of the Associations and or the MLS. 

Not sure which meeting you've already been invited to, but since you're in Raleigh I definitely recommend checking out the Triangle Real Estate Investors Association (TREIA), particularly their meeting for new investors that happens at the beginning of every month.

Check out the Georgia Real Estate Investors Association for networking and education.

In mid-December, the National Association of Realtors released a report identifying DFW as one of the 10 U.S. home markets expected to outperform over the next three to five years.