@Bob Gruenig it might help if you could clarify what you're trying to accomplish with the LLC strategy.The most simple and common way to invest in a syndication is to put money as an individual.

Probably a dozen more reasons than the 5 most common/important above."

It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.

Another common thing is families coming for graduations since this is a training base.

Should they be made into a small common area that the main unit also has access to?

The rent growth rate is assumed to be 2%, which is a common growth rate, and the inflation rate is 5%.

Are there common roofs?  

Be careful with Camden and Mercer counties, these are commonly found on lists of most at-risk markets in NJ relative to price corrections. 

Embrace the challenges and celebrate your successes, no matter how small they may seem.

It's also common to encounter retail branch employees who are  not familiar with  the entities and various ownership structures real estate investors utilize since they are normally opening personal bank accounts.