You need to look at the individual property to determine what it is worth. 

@Kyle Baron  is not difficult to file conciliation court case nor do you need attorney to represent yourself if you own the property as an individual and not in a company.

If so can I be on the deed as an individual and he as an LLC?

Usually you will pay for insurance on individual properties, and yes your liability and fire policy should be much cheaper than a homeowner's policy which is used for people occupying the home.

If we split costs 50/50 for everything, how do we factor that in to our taxes since each individual will have a loan in their name but the costs and profits are split?

Please let me know if I can be of assistance, I have helped many get their start in the 2-4 unit owner occupied realm.

If you read the responses you see that all the successful BRRRR investors have individual systems that are working for them.

My understanding of the law is that if it's not separately metered, you can't legally charge tenants individually for it.

My neighbor needs assistance selling.

(our lender was unsure of how lending to LLC works)2) When making an offer on a property, is the offer in our names as individuals or in the LLC?