I prefer looking at each property and trying to see if it makes sense as an individual deal. 

We have always learned so much from this community, and we consistently find that when we go to individuals who know more than us, we come out of it a better investor and a better entrepreneur.We already can't thank you enough!

I got the feeling the two of them grew distant from each other after they moved in since increasingly I had to notify both of them individually on maintenance and notifications.I will have to call each and see what the situation is. 

But then again, I don't study the market or study individual companies either.

Actual individuals you are talking with or more of soft-money hard-money shops for doing your deals?

If 10 of us can each fund 1/10th of 3.5% down 10 times, that means each of us individually can put 3.5% down on our own property that we own ourselves. 

Not necessarily up to the individual states any more.

This part seems straightforward enough, but we aren't really sure how to manage any income, losses, or expenses that would occur as a result of us owning the property come tax season.My first thought was to organize a two-person LLC with an equal split just to simplify the finances - with any proffit or expeness split 50/50 and taxes passed on to the individual members.

But that is an individual choice.

We've put ads out and had one individual show some interest.