They make serious cashflow so they can start investing the excess cash in properties.

Mainly I just don't want to deal with the hassle of pets causing excessive wear and tear over time. 

The deal details also matter a great deal.To lend 100% implies that the value of the project is in excess of the purchase price plus the repairs.Similar to construction financing the lender will escrow the cash until needed rather than just paying out to the borrower.If you really want a lender who is splitting the profit why not call them a partner rather than a lender?

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Rising rates, unemployment, and decreasing excess income due to inflation all equal lower purchasing power and a risk of lower housing values.

Found out yesterday that not only have I been having excessive issues with communication with the PMC and getting simple tasks taken care of, coupled with extensive delays in reply (avg 12 days), but upon requesting the move-in inspection report, I found out that the tenant, ALSO requested the move in inspection documents... to which I realized the PM lied to me about having completed it back in December. 

If the estate gets more than enough on the sale to pay you off, they keep the excess.

I would definitely consider self storage if it's along a road with at least 10,000 vehicles per day traffic count. 21 acres would certainly be excessive for that purpose, however, so I would consider ways to use the rest in a way that would be beneficial to the whole, with a sort of "master plan" development.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.