2 friends and myself are wanting to start investing in real estate, but we are posed with the question of how to evenly split the finances that go into our properties.We’ve thought about promissory notes, starting a “corporation” and getting loans under that corporation rather than under us as individuals, or each person takes turns paying for the properties (although that may not work because we are planning on using the BRRRR strategy).Do you have any ideas as to how we could evenly split up the payments for properties?

The tenants willingly entered into a two-year lease and are legally obligated to fulfill it.

I'm sick of the corporate world.

Seller is not obligated to lower price due to a low appraisal just as buyer isn’t obligated to pay more if appraisal is high. 

@Elizabeth MillerThere is no rule that says when a foreclosure is truly final or when a bank or corporation has to list their properties.It could be tied up in lawsuits.

Calculate what your obligation to the monthly mortgage would be with your family living in one of the units, and if you're okay with that number then move forward. 

Hi BP family, what is the best taxation status for an LLC with 2 members, s-Corp or partnership?

@Billy Morse The tenant is protected through the term of the written lease, and then the buyer has no obligation to the tenant past the term of the written lease.

Such annual Balance Sheets, P&L Reports, Statement of Cash Flows, etc that the manager is legally obligated to provide?

A lender has no obligation to lend to you especially for investment purposes.