The irony of low price point SFH - they are actually hard to sell. 

Additionally, laws can change, so check with local authorities for the most up-to-date information.

Sometimes you have to see where you can actually leverage back your time. 

Hey Alfredo, This is actually fairly common.

You can start by looking at any property on Zillow, Redfin, Realtor.com, etc. and run the numbers for that property, whether you actually have any interest in it or not.

Hello Chris- the property is actually in good condition with some cosmetic work requirement.I’m assuming it’s because there's  no EMD and the seller will not agree without a termination fee.

What services do you actually end up providing? 

My guess is that you actually won't be able to get the loan with that many people on it but that is just a hunch.Regardless, a few things I'd want really organized before going into any type of partnership like that . . . - Get really clear on a 1 year, 3 year, 5 year, 10 year plans - Get really clear on who's responsible for what - Decide EXACTLY how you are going to pay for repairsBuying anything with a group of family members is totally possible to succeed as long as you really prep yourselves on the way in.

Then let me be UNhelpful and give you the actual rules:  https://www.biggerpockets.com/forums/51/topics/1167632-expla...Pretty much everything you listed needs a 1099, but for the labor portion, not the materials such as paint.

Do you have any of the actual data behind it?