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?

You are funding it's operation with other funds, instead of it producing capital for more acquisitions. 

How do you get an operating statement for a property that’s for sale?