This mindset allows them to learn from each step and mistake, improving over time.

I think you would want your family to have access to money as well since there are payments due and a lot of money might be tied up in probate (this could create an issue) - life insurance and/or a shared business account could allow for payments to be made until the regular accounts are easily accessible 

I'm currently living in Hoboken, but my landlord is not willing to allow me to terminate my lease early, find a replacement , or sublet while my roommate continues to stay here.

The other four only allowed for a one time late fee. 

I think I am suppose to now look into every title policy with some special working that would allow it to move the property to an LLC without affecting the title insurance . 

They will allow tenants to stay without paying full rent and your properties will get trashed.2) Thieves who will lie, cheat and steal from you.

From my research it seems not all states allow this however I can't find what the law says for NC..Ather 

I want to understand the 25k special allowance.

However, if your financial situation allows you to repay the loan in a shorter period of time and you are willing to take on the additional risk, this may be a smart option.

What's the lowest credit score you will allow?