This strategy seems to keep stuff rented, gives you a good pool of renters to choose from and decreases turn over to a degree, and seems to keep property in better shape because (sometimes) the renters appreciate it more.

Small 1 bedroom 1 bath house in the back yard that will be rented out.

In the back yard is a separate 1 bedroom 1 bath house that will be rented out.

We are teaming up by pooling money together and using our income to qualify for loans.Our first acquisition was a single-family home with a conventional loan and 20% down.

In my backyard is a single car garage that was built in 1959 via permit after the construction of the house in 1924.

I want to pool the money for future investment (I'm taking large cash positions right now for future buying opportunities) but leaving other properties rented with equity untouched.

Having a pool of properties is great so that you have a few others to back you up when a big repair is needed or you have a costly turnover. 

Who is going to alert you that the pipe is leaking, toilet flap is not sealing, someone left the hose in the backyard/slop sink on.3.

I have a few friends that would like to pool together our finances and skills to accelerate our investments.

The building used to be a YMCA and it has an empty swimming pool.