Every hard money lender is different but I would check rates and see if a 3/1 ARM or a 5/1 ARM has better pricing and try and evaluate how many points and what are the hard costs.There are no good deals when your going hard money, its what results is the ROI.

Unfortunately due to quantity, PM's don't have time to check maintenance items and see if it can be resolved easily or deferred. 

Not the other way around as the 'corporate veil of protection' is still valid while incorporating a business entity mind you.I think you're asking if alternatively an LLC would suffice as a way to organize, but this can easily be determined with an SEC lawyer (even an initial consultation).Your question indicated about ten people involved in this particular business plan and could be covered under the LLC as well in the ability of 'unlimited owners' (people involved)- but again that's where a consult with an SEC legal professional comes into play.There may be things that even your LLC would be involved with that (if you started there) would pop up on the SEC radar- and it seems better to know how to most legally organize from the start.There are various podcasts and books on this topic for folks in your exact situation, but I would consider maybe just skipping those and going for a meeting with an SEC lawyer from the gate- better safe than sorry, and you may be advised an LLC would work just fine for you.

You'll have to evaluate your own situation to determine what is right for you.

I don't want to spend more money than necessary, but I would also like to avoid cheap fans that look bad and break easily.

Currently evaluating markets, and trying not to get stuck in analysis paralysis. 

Currently evaluating markets, and trying not to get stuck in analysis paralysis. 

For instance, my HELOC is at the same bank as my checking account and I can easily transfer money.  

Passive investors look to learn how to find sponsors, evaluate them, how to evaluate deals, markets, tax strategies, other things like that. 

I've been using Cozy for rent payments and screening.I was curious where you all get your lease(s) from, if they're free, easily altered for my requirements, if they're legitimate and legally binding, etc. and perhaps what sources you go to to find state/city specific information on leases.