-any major differences among your 4 properties?

I have done a lot of these for my own portfolio, but am wondering if the tax implications are different if we do a cash out refinance for this partnership LLC and then have to "distribute" the funds to the members. 

You are basically doing a flip first, which requires a whole different set of skills.)So, with $50k revenue, if you hire a PM, they charge 20%, so you give up $10k right away. 

I'm sure you'll get differing opinions but this sounds more clean and simple to me.

SubTo is a different strategy. 

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

Each room will have a separate lease on it with a separate deposit following normal property management practices, and like you said, the leases have different start dates. 

My other SFR notes have interest rates determined by the borrower's cash, credit score and income - so market rates or higher.I understand the difference in performing vs non-performing notes and that performing can become non-performing pretty easily. 

I have heard it used different ways.I have used a version of gap funding where the hard money lender funds 85% of the flip (purchase + renovation) and the gap funder funds 10% of the deal.