The only way I can imagine something would immediately go back into an investment (and maybe avoid taxes UP FRONT) would be if you funded part or all of your deal with your IRA or 401k, in which case you have to pay back whatever percentage of income is equivalent to your 'loan.'

The bank may require one or all five members to sign personally and check each one of them.You could have a LLC that is 15 years old with one or two memebrs and you will be looked at personally.Type of loan, amount, collateral, credit, capacity to repay will always be issues and for any LLC to obatin any financing without having members on the line will require a very strong LLC with other assets and a management track record that will convince the lender that you won't go belly up, take bankruptcy and walk away.

@Eric HemplerThere are any number of reasons for gaps between buyers, as mentioned by others, but most or all of them fall under differences in your assumptions.

Could I create a new checking/savings accounts under Chase or Ally for my REI business?

I talked to a few commercial loan officers, and they want 20% down so 50k but the owner is willing to hold back part or all of the loan and I have heard of low or no money down and my ?

If you have more time than money you may want to consider a more personalized type letter, either hand written, or al least hand addressing the envelope (assuming those are all printed from a computer).

He would live in one of the 4 units for 1 year at which time we would look to obtain the second unit.Eventually we would have enough overflow on off years to obtain an additional property.Continue this until he would hit the maximum amount of loans he could have in his name at once.Additional information (I am very early in the process of considering the partnership so several details would need to be fleshed out):I would be putting most or all of the money into the deals.

Coordinate your sales so that you can get some or all of them into their respective exchange accts so you can then combine them into one or more larger assets.  

Was it hard money, or all cash?

Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusion