One never knows whether an area will gentrify but chatter on the street is money is flowing in the South Shore.

Never heard of them, is it a hard money lender?

An example of this would be mixing your personal money and LLC money in the same bank account.3.

You could sell one house and buy two with that money. 

And starting to get some money is better than no money right ? 

But is that worth the money?

It's just going to cost you quite a bit of money to have your accountant prep all of them.

I left them recently like many others have in the last 5 months and even though our money was technically an investment and a limited partner contribution, they refused to give anyone their money back even after stating numerous times they would give people their money back if they choose to leave. 

Tell them you are losing money and can't afford to let it continue.

Just outline expectations and roles, and what each of you guys are going to do, and how properties will be acquired and how they will be disposed of, and how and when money will be taken out of the company and you should be good.