Be aware that 5 levels of membership can create divisions within the ownership group because the same investment at any point in time can behave differently for each class of investor, so motivations may not be aligned. 

Being a one stop shop for mortgage, real estate, and property management helps us save our clients $$$ and they only have one company to deal with and one contact saves time and creates an unmatched synergy.

What I wrote above does not create an attorney/client relationship between us.

Having a group of friends living in an apartment complex creates a sense of community and reduces turnover.

That move created frustration on my part and the seller and had to amend the original contract.

I’ve personally found that specialized property perks can create stable, long-term renters.

It helps create an aspirational experience and can make the home stand out in a competitive market.

That move created frustration on my part and the seller and had to amend the original contract.

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

Without REPS, the depreciation will create passive losses that can offset rental income or be carried forward.