I know this is askew of topic, but if you have several (say 10) properties under seperate LLC's and you want to borrow some or all of the money from each LLC's bank account to something (like maybe another property) how is that accounted for from a legal and taxation standpoint?

I do all inside work at once or all outside work at once.

If you can find a house in the highlands where one side would pay most or all of you mortgage you're winning.  

The owner will have to file with the IRS, you will need to issue the 1099's, the interest is so low that the added headache is not worth it.If you need to claim some or all of the deposit for repairs to the unit, the owner still gets to keep the interest since it is their money.

Don't know if that's for all VA loan lenders or all lenders in general.

They are short term loans…if needing long term, look into non QM which also doesn’t need a tax return, and most DSCR do not either…there are several national large companies that will do most or all 50 states, fairly easy to find and a good subject to research.  

@Greg Dickerson Awesome feedback, I think it was just a fourplex with no HOA involvement,  The CAP does sounds pretty attractive with no vacancy and owner is willing to seller finance some or all of the deal. 

Inadequate Initial funding of the entity.

You can always pull some or all of your capital back out with a cash out refinance at the 6 month mark or later down the road. 

cant say thats the situation in many or all or anywhere else..