Hi Megan,First, it depends on the individual's investment strategy which they must identify. 

Lending to an individual on an investment property is flirting with Dod-Frank legality that most lenders don't even want to go near.

The decedent did not name someone to be the executor of his estate;The decedent named someone as the executor BUT that person passed away or cannot act due to incapacity, incarceration, felony conviction, unwillingness to act, etc;The executor was subsequently removed by the court or he resigned.Priority Additionally, according to Surrogate’s Court Procedures Act Section 1418(1), there is a hierarchy of which individual is allowed to receive the Letters of Administration CTA in the following order:(a) to a sole beneficiary or if he be dead to his fiduciary;-this is when there is only beneficiary in the will who stands to inherit the deceased’s entire estate.

Hi BP,As I move forward with my real estate career and look to take it to the next level I have been in search of a mastermind group or group of like minded individuals to help push and motivate each other.

Can an individual member of the board or management company be held legally responsible  for the boards' decisions though?

Shortly thereafter we stopped working with this individual, he was surprised to find out that as a customer you too can be fired by a Property Management company.  

Never do individual showings.

The financing becomes difficult, and I would have to acquire many, many individual properties to achieve my goals.

I actually just emailed a professor about this to ask in more detail.I'd echo what a lot of the other two individuals said, especially in regards to the intangible observations. 

So transferring that property into an individual's name is entirely possible.