The price for these 4200 SF buildings are very low about $135,000 per unit leased at $1350 a month and they have high end custom finishes and private patios, covered parking for 2 vehicles and usually all individual meters.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

Just as a side note, that one of ten is enough to wipe individuals financially out if they flipped on their own, taking away all profits in the previous nine for all practical purposes. 

To be more specific, her business was the registered agent, not her as an individual. 

However, they do have 11years of investment experience under their belt (100's of multi-family rentals, flips, etc) Would this individual have any options for financing more multi-family? 

Hi Tomoko,I wouldn't focus so much on the license that an individual has but instead their knowledge and expertise in your specific field of work, especially for real estate.

You have a separate individual inspect the quality of the clean for each turn?

If the tenant pushes back, you can consider screening the individual and then adding them to the lease.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

This is an internal accounting requirement  You can cut a check to any member as a drawing or return of capital, to them individually, that's not an issue.