If there's no permit, there's a chance that the install wasn't done correctly.

correct. they typically are hired by the lender or are on their team

If a lender violates this provision and does not correct the violation when it is brought to the lender’s attention, the lender may be subject to significant penalties.

Set up properly and maintained correctly, they should not allow for liability to pass through to yourself or your other entities, as long as funds are not commingled, seperate accounts are maintained, proper legal forms are filed, and loans are not personally guaranteed or cross collaterized. 

Search the BP posts for section 8 questions (keeping in mind what people write is their opinion and it may not be correct). 

You are correct, the cash flow number did not include the HELOC payment.

Rent rates continue to appreciate strongly, with a consistent 7% market (3% in some sub markets, 10%+ in others) appreciation over the past few years. interest rates have  decreased in the last few months, and with the latest bunk job report correction and current trends indicated from the feds regarding 'inflation,' we are being prepared to expect more mortgage rate decreases.

Documentary tax stamp deed to the Clerk of Court [ I verified this as correct for our area]J.

If you are thinking it's because of a finite amount of funds you have, then you are not looking at this business correctly.

You are correct that the LLC is a passthrough, or non qualified as you put it, entity for tax purposes.