This is something you should consider anyhow, and can use the long term historical averages (averages spanning multiple RE cycles) as a good guestimate.

I found two rusted out water heaters and got $12.50 at the recycling center!!

You have one set of books, one tax return that flows through to members or as a corporation, one bank account for operations, no allocations of expenses to various LLCs, lower time required for maintaing the llc books, meetings I could go on and on....If any attorney suggests such a strategy, I'd say they are likely milking you into future leagal assistance, and an accountant for additional accounting time.

I may be wrong on this, but I can just see contractors taking one look at me and thinking they can milk me for all I have based on my physical appearance and being female, which is all the more reason I think I really need either an experienced flipper or GC as a partner until I learn more.I'm perfectly fine with splitting things 50-50 to start because all of what I've mentioned so far seems worth it, to me at least.

They want to recycle money quickly to increase their returns, they aren't looking to collect installment payments long term.Rental properties generally get either conventional financing (15 - 30 years fixed) or after that's exhausted or otherwise unavailable, will go with private funding (generally a bit more expensive, shorter amortizations, and variable rates).

So the guy collecting empty aluminum cans on the way to the recycle center is clearly an investor.

I'll milk that cash cow.  ;-)Again, learn the language- CCR (Cash return on Cash invested) is different than Cap Rate.  

I'm in the midwest markets (mainly OH and IN) so there's plenty of good deals...the issue I'm struggling with is recycling my money quickly.  

Imagine being subject to RC and getting stuck with a squatter-tenant that want to milk their below market rent!  

I know with BRRRR you want to refi to pull the money out recycle and do it again so it is awesome in that regard.