So I've got 4 properties in the pipeline and my private lender is going to be at the end of what he has allocated for deals with me.  

Alternately, you could allocate the interest on the investment property to your Schedule E, write it off there and not write it off on your Schedule A.If this is right (and maybe it's not!)

i keep reading mixed opinionsthe BP podcast with Brandon Hall suggested that you could do this so long as funds allocated correctly and valuation was there...

The property WILL be in my name AFTER probate however the courts are "taking forever". i talked to the person that does (has done taxes for the LLC for years) and he doesnt seem to know how to handle this situation. wanted to see if anyone here has any insight on what should be done for 2016 taxes on the LLC with "no owner".on a side note: i drove an X miles last year managing the LLC and the "LLC" did not pay me. would i allocate the miles on my personal taxes or for the LLC expense?

Your living there does not mean that you cannot allocate expenses to your schedule E  or partnership F1065 that cannot be attribuable to your personal use.  

You should also be allocating based on square footage, in the event one side is bigger than the other.

I will be hiring property management starting with the first property, primarily die to the limited time I can allocate with my full time employment.I have started to attend the local REI meetings on Meetup(BP, Affluence in REI, TCRE), MNREIA and have met a few fantastic folks.

I wanted to allocate the correct timeline for financing.

Sure, @Alberto Murillo Since your Father is gifting you property as opposed to currency/cash, you will need to determine your Father's basis in the property (less the allocated financed amount); of which you would be required to "carryover" during your ownership going forward.An example may better clarify:  Say your father gifted you 100 shares of ABC common stock which when he gifted it to you the fair market value (FMV) was worth $10.00/share or $1,000. 

Both of these places would have positive cash flow allocating for legit cap expense ($250-$300 for a detached unit per month, so at least $500 for a detached duplex), vacancy 5%, and maintenance.I really should not be encouraging competition in my area but I am NOT using Escondido because I think it is unique but because I know it well and know what duplex to quad are on the market and what duplex to quad have sold.