Hello Armando,
If it is all tax, you will pay tax on the rent you receive.

Add all this up, and there is a lot of hassle. But is it wise investing in something that has big risks, and may not cover it's own costs? If this is the case, you're not investing, you're speculating.

I think you need a serious think about future price increases when house prices are at record highs, and the fundamentals that pushed prices that high are receding - rising interest rates, unemployment, inflation etc

Also, investing with friends seems a perfect example for arguments. Especially as you don't have equal shares, so one person has more to gain/lose than the others.

Maybe you should add the costs, so we can do a breakdown. i.e. purchase costs, achievable rent, voids (i.e. other empty rental properties in the area), type of house (hence maintenance costs).
Keep in touch
Austin