Most lenders will want to verify that the personal guarantor has at least 21-25% ownership in the borrowing entity. 

It may also make it easier for your estate planning attorney to line up ownership with your estate plan, assuming a CA-estate plan if a CA resident.  

MAYBE HVAC, but that is less clear because the total cost of ownership of a very efficient system might not be that much better than a mid-grade system these days.

thx u Does the loan docs have a provision requiring permission from the lender to change ownership entities?  

Aligning the name on the leases with the legal ownership of the property is critical for both legal and tax purposes.

that is typically 5-10 years+ of ownership.2. turnkey isn't entirely passive. you have to manage your property manager. they are responsible for doing whatever their management agreement says they're responsible for, and you are responsible for doing what it says you're responsible for. 

When someone else is on ownership (or deed/title) then they would need to sign a couple of things at closing to give permission for a lien to be applied to the property they own - but that doesn't mean that HAVE to be on the loan. 

, your 60 units of ownership conservatively translates to somewhere around 3.5MM gross.

This allows you to call a default if your borrower transfers property ownership to another entity.

I've been going to local RE meet ups and talked to other investors who have used many different strategies: out of state, syndications, NNN (triple net), commercial, AirBnbs, mid term rentals, co-ownership, house hacking, etc.