Keep this in mind- I call it the 3 block rule.

I'm sure you have met plenty of people successful in all markets though Jay is undoubtedly informed when he says current conditions aren't ideal, the guy has been around the block.

The second example is the same essentially, but by the individual being licensed, even if not acting as a fiduciary, appears to be a net listing, which is illegal in most states.If you want to wholesale, dont get licensed.

I know a house a few blocks over sold yesterday for $150,000, not remodeled.

Your greatest tools when thinking about the location within a city are individuals operating on a daily basis within that market, such as Property Managers and Brokers. 

The vacancy of 5% is as bit low for my liking, but that's truly up to the individual.

I was planning to charge them via Stripe, but the charges were blocked by the bank.

The structure would be an Equity 506(c) The Ideas Already in place: -Brokers-Online websites such as equity funding platforms-Private Banking Firms-Relationships PPM document creator has with other investors-Forums-Companies that sell lists-Opt-in accredited investor databases-Firms that do the marketing with you (must be licensed)-FINRA broker-dealers-Individual securities brokers-Registered Investment Advisers-Private equity firms-"finders" for capital.

Is it possible to have the title of an investment property named as an LLC with 3 individuals as members with one of the members the sole mortgagor on the property?

When inquiring with the bank or credit union regarding their equity LOC product I would first ascertain how they allow the property be titled (individual, revocable trust) before even initiating an application.