And the best thing is that you'll start the new investment with a fresh depreciation schedule. 

For example, for renovation expenses,  did partners fund money to a central LLC bank account and make payments like that?

An example where I may use a HELOC would be a purchase of a value add property that after rehabbing I was planning on refinancing (BRRRR).Good luck

An easy example of this is that your tenant owns a dog know to you to bite and you did not try to have the dog removed.

The only real way to know is to ask you agent to run you some example quotes.As for the city assessment value.

I think EF Hutton was sold for millions or billions to Citigroup or JP Morgan I forget which one but one of those types,  so you might want to take off example list.

@Dmitriy Fomichenko or others, I have seen a couple of opinions in different discussions that seem to contradict each other in regards to partnerships and future deals in that partnership also.An example is that I have been talking to a couple of potential investing partners that might want to roll over IRA or 401 funds into a SDIRA or SOLO401K to invest within buy-n-hold rentals. 

So I provide an example of another "Hood Landlord" that also does things differently than most.

It depends.it depends on your investing strategy, it depends of what market your investing in and most importantly it depends on you goals. for example one investor can say i like working with people in D areas so im fine with 6% COC return but my ROI has to be 20% in 5 years.The next investor that wants turn key properties SFR with 10% ROI wouldnt wish that criteria on their worst enemy.So what people say on here wont help you make a decision about your criteria.NOW that being said heres my 2 cents!

Responses with some individual examples would be welcome if members don't mind sharing.