We would like to secure a loan under the LLC and I was hoping this knowledgeable  community can guide me in kickstarting my research.

You will be returning the apartment to the condition it was in before they lived there so make sure to charge them accordingly.Depending on the strength of your lease, those fees can come out of their security deposit and anything above and beyond that should be billed to them.

By the end of 2019 I am expecting the numbers to be 5.1Mil / 3.2Mil.i will continue secure more assets for 4 years then I will stop and pay down the loans, my end game is to secure a large 30-40Mil apartment unit complex.

If we decide to go forward we may consider a higher security deposit and maybe a guarantor to be on the safer side. 

I'm not sure how to proceed in securing funds or do I just keep saving to buy the next property?

The BRRRR strategy sounds great to me if I can find the right deals and secure enough money to get going.

It's not like you can just raise the joists a foot and secure them to the 2nd story walls.

It takes less than 2 weeks to find a qualified tenant and process them through a rigorous tenant screening process.Even in situations where there will be some re-painting and some renovations, the tenants are just happy to find a secure, good apt in a safe and trendy neighborhood.When I build my Business Plans, Vacancy cost is projected to be ZERO in my investment localities.If a friend or relative invests in a different location, then I look at the asking rent versus the Fair Market Rent (FMR).If the asking Rent is approximately the same as the FMR, then, depending on the vacancy rate of the target area, I would estimate 1 month vacancy allowance.IF the asking Rent is significantly below the FMR in a highly dense locality, then there is no point on adding a vacancy of any significant value.I once had an apt with a FMR of $3k per month.

@Tony Castronovo If they are the ones I am thinking of they are not very secure. 

We are orginally from Dubois, PA area.We are looking to get into buy and hold properties with some flips in the Kingston area, up to Moosic, PA.We are looking to become FI, so we can do more mission work.