You collect the rent, and you in turn are responsible for paying taxes, all repairs.

I appreciate the responses

Melvin List thanks for your response.

That is a typical response.  

Thank you for the responses!

If one of the persons has a bad credit history, it may be best to leave them out, and execute a separate partnership agreement with the terms for responsibilities and how the profit will be split. 

What are your advice, if you don’t mindI understood from your response, that it’s risky?

Go to your local REIA & in this thread focus mostly on responses to your inquiry from folks in the same town as you.

However, they still are not overly responsive and it's hard to actually get quick enough service.

thank you for the prompt response!