I too am confused by the “It won’t look consistent to the tenant or to the accountant.”

But assuming its a stable but growing market, every dollar of Net Operating Income you are able to force is explosive to the underlying asset value.Under both of these scenarios, you do not need to syndicate as long as you don't go too big on the deal size. 

@Eric Chappell - just started a trial to check on rentalhero and it's not a complete accounting system.

The contract must contain:the contractor’s name, address and telephone numberthe approximate start and completion date, including any contingencies that would change the completion datea description of the work to be performed and the materials to be provided to the consumer, including make; model number or any other identifying information; and the agreed-upon price for the work and materialsa notice advising you that you have three business days to cancel the contract, unless during an emergency you waive the right in writinga notice that all payments received by the contractor prior to completion of the contract work must be deposited in an escrow account

This is too important and also sort of a personal question depending on your state and specific circumstance and I suspect not a one size fits all answer would suffice. 

If you decide to move into one of the units, that could help with your personal expenses and ease some of the pressure, but ensure you account for all the fixed and variable costs in your projections.4.

As far as property type, for flips I like middle sized houses, 3/2 around 1500/3000 sq ft but not married to that.

@Guillaume Vidallet I'll chime in here since it seems like everyone answered your question and gave some great advice.I'll suggest that whether you have one LLC or multiple LLCs you have separate bank accounts for each and make sure not to commingle any money.

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

Just posting this in case someone goes through the forums looking for non-recourse or retirement account lenders.