Also having a full-time person has allowed me to not only manage 4-5 rehab projects at once, but also eliminate paying a General Contractor.

Many of the seasoned local investors, and high network individuals i know have started their journey in real estate investing, with buying owner occupied properties here locally.

This allows you to defer or eliminate the capital gains tax. 

With the two of you, you just need to make sure that your Operating Agreement allows this, i.e. for your friend to draw off so much cash. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

If I was a tenant I wouldn't allow a landlord to connect to my wifi network for free.- Tenants should be wary of a landlord freely allowing prospective tenants to tour their occupied units without supervision.

I also already expanded my driveway which will allow 7 cars to be parked now in the driveway. the bigger focus for me is just to keep refining the operations for the tenants and making the environment closer to what you have established with your properties.  

It would have to come from an individual.

You may have a confession of judgment provision - which allows the lender to get a judgment without a trial (but they still have to take it to Sheriff Sale). 

These are great because they allow you to place cameras anywhere that you can reach wifi.