How do hard money lenders that do not put them selves out to the public and lend only to 3 individuals I know that have LLC's.

Make sure to shop around for the best rates and terms.Find the Right TenantsOnce you’ve purchased the property, screen tenants carefully to ensure you find responsible individuals who will pay rent on time and take care of the unit.

It also gives you the opportunity to be creative on how you want to vest/take Title (LLC vs Individual name). 

If duties were merely split between operations, capital raising and deal sourcing based on individuals strength and to spread responsibilities, I would be more understanding but that's not the new age model.

Mostly you're going to see that on high end expensive homes, where sellers only allow pre-qualified individuals to tout their homes.  

Concealed Involvement of Barred Individual: Ron Fossum is barred by the SEC for a similar, $20-million-dollar financial fraud and his involvement in Norada Capital Management is concealed.4.

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Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?

I agree—most of these individuals aren’t paying taxes and aren’t typically aiming to own the property.

Your write offs are also not effected, so you can write off miles also as an individual owner.