A financial adviser can help with the allocation of capital and alternatives but they can't help with "business" operations.

By analogy, this would be like having airplane passengers wear parachutes instead of focusing on what it takes to keep the plane in the air.I think a better way to protect your equity is to:Maintain the condition of your properties and operate fairly and ethically with constant regard to the lawPurchase insurance to cover any inadvertent negligence and/or simple bad luckVest title in a business entity that fits your partner, business, and tax strategyGood luck on your purchase.

Then we have to exclude Physical Vacancy and Economic Vacancy to get to our Gross Operating Income, right? 

Let's say we underwrite a deal and we think 3% growth  in Gross Operating Income and 2% growth in opEx are reasonable. 

The penny restores the circuit to operation but removes all circuit overload protection and is therefore a major safety hazard.

That's after including a healthy vacancy and maintenance reserve in your operating expense budget each month. 1% deals usually don't meet this criteria.That efficiency unit looks filthy.

We operate in Syracuse ourselves but occasionally venture outwards. 

There's almost nothing you can do about how the courts operate.

It's just adding a middle-man (the LLC owned and operated by you) to your operation.

Or asked this way...will I have any legal issues if I went and borrowed UNSECURED funds from 4-6 people and tossed that money in my operating account to use as down payment and rehab funds for a BRRRR deal for example?