As we grew we learned that would be an administrative headache to have a series for each property.

@Richard Heck just sell them yourself i put mine 10 bed and 6 bed on bizquest and also contacted local realtors and local schools that train administrators and managers for ALFs,  , i get 5 inquiries a day 

Not to mention if the guy or gal leaves or is let go then having proper management over all of these avenues becomes a headache because you do have the administrative access under full corporate control. 

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The current administration's tax policies have made real estate investors very wealthy.

Alternatively, the taxpayer may change from the impermissible method of determining depreciation to the permissible method of determining depreciation for a 1-year depreciable property by filing an amended federal income tax return, or an administrative adjustment request under § 6227 (AAR), as applicable, for the property’s placed-in-service year prior to the date the taxpayer files its federal income tax return for the taxable year succeeding the placed-in-service year.

I wouldn't advise a LOC with additional collateral.Interest will be market rate, might be higher due to more loan administration with some lenders.

I want to thank Rent To Retirement & Zach, who got me a free consultation for.The costs to do this do reduce cash flow as well as the administrative time to file the different returns/reports are real, but it is worth it to reduce liability for the long term. 

It's also just easier administratively.

Just my opinion but one residential property per LLC is an overkill in my mind and just ends up costing a lot more money down the road in administrative / accounting fees.