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.

Hi, Still learning the ropes and digesting but I am looking for confirmation to help drive this through my head...In the below article, David talks about financing a BRRRR is optimal without the traditional loan. https://www.biggerpockets.com/blog/brrrr-strategy-real-estate-investingBeing a newbie investor with only $10-20k in the tri-state area, I would need to either go to a PML/ HML or come up with creative financing (i.e. raise the money of individuals on my own by convincing people on my numbers)?

Depending on what you are able to network or already have will determine your strategy.Step 3 ) With the individuals or investors estimated to take down a 595k raise in your network, consult an attorney specializing in Joint-Venture or a Securities Attorney.

You'll see the owner (LLC or individual) and where the tax statement is being mailed. 

Both properties are single families located in memphis TN Below is a brief summary of each individual property:Property 1: $39,200 3 bedroom 2 bath approximately 944 sq ft.

For other retirement plans, like IRAs, for example, you don’t have to wait on the employer because it’s an individual retirement account and not an employer-sponsored plan.  

The best argument for the traditional agent in my opinion is that some individuals have the ability to be in the deal flow, have good relationships with vendors, lenders, escrow agents etc. and know how to negotiate on behalf of the client.  

the location of this house puts it in an interesting location near a military base (good rotation of guaranteed paid individuals) also in a location surrounded by high value houses.How did you find this deal and how did you negotiate it?