Sometimes the PM doesn’t classify expenses the way that my CPA would so I have to be responsible for recognizing capital expenditures, etc.

A lender would have recognized that someone building SFRs was about to have a very rude awakening.  

Well Done - nice job recognizing the opportunity and executing.  

Recognize each situation for what it is and use your knowledge and experience to make a decision that's best for you. 

So, an advance, and even aggressive, strategy could be to set up an LLC in another state, and preferably one that recognizes series LLC.

He is a highly respected member of both the Delaware and Maryland bars and recognized as one of the best lawyers in America within his field. 

The way you recognized the underlying theme of what was working for whom in your clients is classic opportunity identifying.  

It is much more difficult to have a TIC transfer with an unrecorded TIC agreement to be found or recognized as a disguised sale or an installment agreement.

This guy was running numbers on something like 20 properties per day, making as many as 30 offers a week.. of course 98% of those offers did not yield a deal.. but there is the 1 in 100 which will yield in a deal.I don't think I'm at that level of course, and I recognize that today's market is less likely to yield these diamond in the rough opportunities via MLS, but the idea stuck in my head and is similar to the approach I'm taking here. i.e.

It is tough getting genuinely good REI deals.