Put them both on the lease and have each individually responsible in full for the rent.

. :) I asked the tenants for specific concerns and have two licensed electricians on their way now where I will meet with each one individually to assess.

Good opportunity to meet people a bunch of like minded individuals and hopefully learn some more about investing.

Phillip had a great point, I'd also want to break down the individual expenses to get a more confident estimate (if you haven't seen it, Brandon did a great YouTube video on estimating expenses & cash flow with BP's Rental Property Calculator, called "How I Quickly Analyze a Rental Property for Cash Flow").

It all really depends on individual idiosyncrasies of the property, sellers, and the surrounding market.

If you like, you can send me all your expenses broken out individually and I'll be happy to look at them for you and comment.  

With that said, you must know the value of the properties individually and determine the collective value.  

I truly appreciate Bigger Pockets for being here to assemble like-minded individuals that I can follow.

I have two main goals of posting today 1) To let folks know that it is possible to successfully invest in higher priced cities with little money out of pocket, and 2) To build relationships so that I can partner with other individuals and acquire properties that perform at or above a 12 percent Cash on Cash return (whether through private lending or a structured partnership).

It is an Individual Retirement Account that allows you to invest in alternative investments such as real estate, notes, loans, mortgages, private placements and so many other things.