Have you run the numbers to see what YOUR expenses in operating the property will be? 

Should my operating account be in the same bank as the security deposit?

First of kind luxury condo in south shore of Montreal (10 min train ride to core downtown montreal)III.

This is not a passive venture if you're seeking to be an Owner/Operator. 

What does your operating agreement say? 

I budget 23% of revenue for maintenance and operations. 

If you acquire an underperforming one, increase revenue and fix the fundamental issues, I’m sure that you can then show a bank your operating statement and get a small business loan but I think with a small business loan, the money provided is strictly for use within that business.

However, when it comes down to the operating agreement and ownership interest in the entity (which was solely created for the deal), how much is safe to allocate to each member category without giving away too much control to limited partners?

I suspect there could also be a specific consulting aspect for direct assistance on the contract phase, due diligence, negotiation and operations aspects as well. 

The advantages of speed and streamlining operation technology can increase lender margins, or help keep interest rates and borrowing costs low.