We expereinced an anomaly of “temporary” demand from the flood of August 2016 that delayed the expected declines and softening of the rental market.  

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?

A station will be opened at Stockton/Washington with service starting in 2019 so expect the demand of property within walking distance of that station to appreciate in the following years.

I am not too familiar with the rental demand over there.Please share your thoughts.

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.

(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?

There might be more demand for cheap housing that way.  

It’s a great area with high rental demand.

Mortgages have a "due on sale" clause, which means the lender has the right to call the loan and demand full payment of the balance if the property is transferred to another person.Whether or not there are ways to legally get around that is above my pay grade, so I would advise speaking with a real estate attorney before proceeding.