Thanks @Jesse LeBlanc, I called a number of "real estate" attorney's today and only a select few understood what I was talking about.

I do not *think* we are interested in doing that as it seem cumbersome with regard to banking: 3 accounts per property = 9 bank accounts = too many accounts + the expense of opening LLCs, etc...I'd be willing to hear a counter argument though.The broker understood that and thus suggested for each of us to open our own (separate) LLCs, then in our Operating Agreement, have the original LLC be "in charge" of the other two.

Insure your goals/expecaations are understood by your property mgt.

When viral transmission was fairly well understood and we knew that large social gatherings were dangerous, kids we're partying on - and getting infected like crazy. 

I was mistaken or understood wrong.

@Doug Phillips understood.

The first property , I understood because it was in need of major repair so it didn't seem out of line.

Hi Erik,I understood your question to be whether to use money from a line of credit vs cash.

Once we understood the goals (financial and otherwise), we worked backwards to determine the required deal flow to accomplish the goals.For instance, if you need only 5 additional STR or SFH to accomplish the lifestyle you desire, that is an entirely different proposition if you need 30 additional properties. 

Understood.