Once you do that, if it works for you as a rental, keep it.

I currently build about 80 units per year with the intention of keeping as many as possible.

Worse case they pay taxes on the money they get to keep.  

But I don't think the borrower for the loan would change, so that means each month, my tenant would pay rent to ABC LLC account under my property manager, and my property manager would distribute the funds to my sole prop business account, and my sole prop business account would pay the mortgage.Will the tenant have a case to argue that I am commingled with my LLC?

This means we need to buy under an LLC and not our personal. 

So when you notice something like this, how kicking your kids out at 18 and telling them to start from scratch and consume and buy all the same stuff you consumed and bought is keeping your family down, and ain't workin', and immigrants with the mentality of pooling their resources together, sticking together, and making due with less seem to have the right idea...

I learned mine by driving around, looking up a bunch of properties online and looking at a bunch in person, listening to everything people said at the meetups and asking a ton of questions to local investors.If you have the money, her course is a bit of a shortcut to learn what you need to know, but it by no means is everything you need to flip in a local market.

Is your all-in budget $130K, meaning purchase/rehab/holding/closing costs all must fall within that number?

@James McGovernWhat do you mean by gap?

Like @Brian Burke said there are many different ways cash flow can be handled and waterfalls structured.To keep the same example but for a 9% cash on cash return:$100,000 starting capital account balance$8,000 preferred return accrual (return on capital)$1,000 excess cash (return of capital)($9,000) total distribution (preferred return distribution+excess cash)$99,000 ending capital account balance