A partnership tax return would need to be filed for this LLC (e.g. a form 1065 at the federal level).You could then invest in the single investment through the LLC.

Those expenses are a function of many things but rent by itself is not one of them. 

I believe with a hospital partnership that I can offer this house to their employees for 5k a month and basically play hotel or property manager and get the entire house fully furnished and they would hopefully agree to a down payment first of 30k to me and a year to year contract.

Contact me for partnership :PTo give real advice besides pitching myself @Lennon Lee hits it on the head. you have enough cash you should first figure out what your long term goals are.  

It just seems more probable to find deals like that in the Midwest in comparison to even our more affordable areas here in the Greater Seattle Area like Everett and Tacoma.In terms of the House Hacking, I don't think that'll be a possibility for us for the same reason as yours :) I think the closest we could get to house hacking is building a Detached Accessory Unit/Mother-In-Law Suite in our backyard, which we could rent out for about $1000 to $1200 (Our neighbor has one and he's renting it out for that much).Lastly, I do agree that a partnership would be the best route and I'm very open to that idea.

However, I don't like how functional loopnet is, and searching for multi-family in Zillow is a pain.  

Everything else will most likely be functional after the water dries up.

When you partner with someone, make sure you know the terms of the partnership.

If you're happy with the spreadsheet that you created and if it's functioning as you expected it to, then there's no need to use a different tool. 

Partnership: Collaborating with Archie Ragland provided valuable local insights and expertise.