@Lydia BarIt depends on the level of experience the individual has with both and the type of loans you need to get. 

Main challenge is the impact to each individual's DTI as we'd all be carrying a "second" mortgage when it comes to any other loan application.

Obviously, much of the following is dependent on the individual, but non-owner occupied investments can be in the 3-4% range (this rate can even go lower if it is owner occupied!)

What I learned is that though a process can be individual, there are principles anyone can follow that will help them achieve success in their personal journey.What does that mean?

Based on the costs/expected rents of each individual unit, all are decent investments but I know I could do better in this area. 

Just to clarify, are all the real estate agents they recommend individuals who use and are familiar with Bigger Pockets?

@Michael Saunders I haven't invested in any crowdsourced sites but... this is a very different type of investing than buying individual properties.  

These units, when renovated, would be worth good money if sold as individual homes - Big demand for these types of properties in my area.

Hi all,A group of friends and I are looking to invest because individually none of us have the funds to make the investment on our own, so we are putting out money together to make the investment.The question is do we need to set up an LLC or LLP in order to do this?

Really depends on whether or not you actually held title to an individual asset which if you are exiting a REIT the funds likely won’t be eligible for a 1031.