Respectfully, Joseph Kim 

Finding a communicative agent that actually respects your time as an investor is difficult.

But, like I said the normal taxation as a partnership for a multi-member LLC is a pass through entity so the actual taxation will be in accordance with your respective filings. 

But if I had connections both with the property owners and the respective foreclosing attorneys and thus also had access to each individual property's assigned asset manager, could deals be made through that avenue?

I am concerned about your expectations with respect to your time frame.  

With all due and absolute respect - you've never invested in RE (outside of your own home), you have no team/contacts, and I would question your ability to discern between a syndication offering up a home-run opportunity versus one that's been underwritten with sky-high and unachievable expectations - many of the latter are marketed in such a way that your sold on glitz-and-glam as opposed to project fundamentals. 

You both own properties through your respective SMLLCs?

There's no law that says you have to allow someone to crap all over a shared toilet.It's a shared space and he has to respect his fellow renters.

Set a recurring payment base on the amortization schedule on my business banking account to wire/ACH/transfer the money over to the respective lender(s). 3.

Make sure they treat tenants and owner with respect.