I think your approach and line of thinking on this subject is brilliant.

@Marcus Richard,I know people that use Subject-To contracts all the time. 

Q3: Risk is subjective.

I actually just finished writing an article on here that hasn't released yet about this very subject. 

This is tax free- Syndication - will the investor get the money tax-free if the LLP refinances the underlying asset and distribute?

I've also heard that most investors that operate through an LLC is oftentimes just interested in the cash-flow of the investment properties, and because of that not really selling anyway.Any help on the subject is appreciated, as I am just about to get started, and would prefer to understand a bit more, before I reach out to certified CPA's to help me get this underway.

If you "sub-meter", your house will still likely be a getting 1 utility bill from the city, then you will be responsible to distribute monthly invoices to your tenants via waterscope or something of the sort. 

I would take a course on closing the sale and read a couple of books on the subject.

Most likely Federal taxes on the income but there are a lot of questions that we have regarding the structure, entity type, etc Typically foreigners, who own rental property, and have rental income, are subject to a flat 30%.

Maybe because there are opposing views on the subject and it keeps the conversation alive.