But it is more difficult (but not impossible) to separate the individual members.

If sold at $240 sqft *1840sqft= $441,600Sales price - all in price - sales commission (5%) = $441,600-$422,000-$22,080= -$480 (negative $480).As you can see, from this logic above, $250k should be absolute maximum amount any person (investor or individual) should pay, including myself.

For this reason I think an LLC or legal entity is going to be a challenge and we would like the tax benefits of individually having a mortgage and depreciation on a property.I was thinking each person could buy/finance their own property and get the tax benefits of individual ownership such as mortgage interest deduction and depreciation.

The only issue I had was the buyers agent bugging me continuously keeping me informed of the process - since individuals know nothing !!! 

Landlords cannot discriminate against protected classes of individuals.

Most of my loans starting out were with a local credit union, they new me and my brother when we walked in the door which felt good  We did get some special treatment (loan modifications instead of new loans being issued) but that all changed when the individuals we were working with went to corporate and we had to start over...  5 years ago I would have told you that credit unions are more flexible however I have moved more towards business loans (instead of home equity) and many credit unions do not have a business division and others are new to it and are still learning the ropes. 

I am looking to connect with like minded individuals and grab a coffee.

Maybe reach out to them individually in a private message if you don't get any suggestions here?

Meaning can we take our half of the property value and  go buy another property individually?

I personally am not one to invest in individual stocks, so aside from passive investments like index funds, gold, etc., what are investors to do?