There's partying and one incident with fighting in a hallway that led to cops coming, though little was done.

Be aware though that these types of funds cost around $10k to create and you also have to have a yearly 3rd party audit which will run you another $10-15k.

Let’s say 1 of the 5 run into a financial problem or is sued and a party tries to take the individual’s asset(s) as collateral.

My goal is to have a place nice enough that tenants are, maybe not proud, but certainly not embarrassed to host a kids birthday party with other parents attending.

But I've seen cases litigated over whether the party initialing the contract had the authority to do so.

Our attorney (who wrote the local brief on the LL/Tenant law) stated that this is a gray area of the law, and that we could defend this practice as the law states Landlord cannot collect more than $20 -- it doesn't address 3rd parties.

They strategize using 0% interest business bank credit cards at $50-$250k credit limits to buy properties, and you use a third party service like Plastiq to wire the money to the title company, contractor, etc for 2.5%.

A prerequisite is that the other party needs to be someone I'd actually trust to handle it in terms of competence etc.

The funny part is the reason I went with this CPA versus the others that fellow investors recommended is they said their CPA was too expensive for someone like me with just a duplex, yet I was billed nearly the same amount that these investors claimed they paid. 

Welcome to the party @Steven Brito glad to have you aboard!