He says he would provide me with a 1099 and he has to do it this way because the seller insisted on using their title company and the title company would not include the assignment fee to the transaction.

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

Was the July 2015 transaction a purchase or refi? 

@Muhammad Kashif to avoid interest related transactions:1) Buy & hold rentals - you make your money back via rental payments.2) Funding flip deals - instead of lending at an interest rate, you could lend for a percentage of the profits on the sale.

Right now, the technology is not yet suitable for small projects, simply because the transactional costs are way too high and there's no secondary market.

Keeping fingers crossed for you and this deal!

In particular:(1) Should I hire a law firm or collection agency to facilitate the transaction?

Changes some of my answer below, but here would be most of the types of transactions you would have in these accounts and between them.Property transactions would be: all property specific rents and expenses, allocated expense transfer to the master LLC and transfers to master LLC bank account for profit AND/OR property management fee.Master LLC transactions would be: Shared expenses going out, reimbursements/transfers from properties for their allocated share of those expenses coming in, the transfers from your properties deemed as profit AND/OR property management fee and then transfers to your personal accounts deemed as owner distributions.Other transfers that could occur is if the master LLC needs to transfer to the properties for capital expenditures above and beyond the reserves you might leave in their accounts.

Fingers crossed they don’t lose it all 🙄 Read Dennis's post above. 

This has mostly been for bike lanes but the most recent is a statewide prohibition on parking near cross walks.