Certainly there is a better way than looking at individual sales and individual rents to determine this information?

The you split the profit based on your individual contribution.

Your loan amount will be 32K at best, most likely 30K, both below most lender's minimum loan amounts.No LLC owned individually with less than about 5 years and a net worth of less than a half million would be seen prudently as carrying it's own weight, credit on business entities is pretty much a myth for small investors.

So, this only has a chance of working with an ordinary sale from an individual.

Like others have stated, you need to read the HOA bylaws and any amendments for the individual condo association and the Florida Condominium Act (this of course varies state to state).

I'm filing suit to quiet title next week with an individual who purchased a property at tax sale that I purchased over a year later.

Such signs shall not exceed nine (9) square feet in sign face area on any individual lot of record located in any residential district and shall not exceed thirty-two (32) square feet in any non-residential district.

You will have a lot of lines if you try to account for each item individually.

And you can explain that this means that each person is responsible for the rent even if one or more of the other individuals move out.

Every state is different for insurance and it also depends on your individual risks (past claims history) but I think it is worth it.Also remember, you are at risk in your auto potentially too.