Other terms, like 80% occupancy and reporting detailed financials and taxes every year to prove you are worthy?  

Experience, accessibility of support, protecting your personal data, how long a firm has been in business, etc. are things you will want to include in your mix.

(You may want to talk to a local lawyer to ensure you are complying with local laws on this)This will have three effects, 1) it screws your unethical property owner  2) It protects your monies which you might get to keep after the foreclosure and 3) gives you leverage with the bank that is foreclosing.  

They help business owners structure legal entities for asset protection and tax benefits.

Is there a way to put your properties into your personal name but still have the protection of the LLC?

An off-the-shelf LLC doesn't really offer protection in half of the cases, it is easily pierced because of outdated clauses.

And while I believe most lenders tend to the ethical side, it's the people who aren't that force us to create rules/regulations to protect everyone else.There does seem to be some nick-nack fees there, but all told, at that rate, it seems like you should just zip the lip, grab that cash, and RUN!

When you get to that point feel free to DM me and we can talk directly.The type of financial structure you describe in the second part of your post is called BRRRR.

I am not a financial whiz or a commercial giant by any means, only that I know if we sell this property, the buyer is going condo route, so why couldn't I go that route.I am guessing my biggest mountain at the moment is how could I even possibly get financing for a 30-40 unit complex since in theory we are talking in the multi millions.  

Money, on the other hand, needs to be protected.