You aren't going to be able to do everything at once, so you'll have to think long and hard about the best order to fix up the units to come up with a plan that won't increase your risk of defaulting. 

I also tried fundrise for small amount. while their reports and dividend are consistent, I always fear the risk of default. 

Over the years I kept seeing a lot houses going to default with tons of equity, most of the time because the owner had passed, or sadly, one of the owners passed leaving someone unable to keep up with the mortgages (I’m sensitive to that, and one day I’d like to be in position to help).Anyways, I realized I could not pursue properties that I did title work on for a paying client.

Now you are doing high risk for a lender on a small asset in a typically weaksuburban to rural location that if a default occurs the lender has not clue what to do with the property.Retirement accounts are typically protected funds and hard to go after even with a personal guaranty so not as much weight is put on them for liquid and net worth.

Went buy county clerk today asked for Notice of Defaults, they call them Lis Pendens in OK and other places I'm sure.

Is this intentional, or does it default with an ‘or’ statement and I need to add an ‘and’?

Question 4: How can I protect myself in case the developer starts building and asks for a loan , and such loan is in first position and they default for any reason? 

It's wildly incorrect and will set taxpayers up to make serious mistakes who rely on it.An LLC is like a chameleon in that it can be taxed as a Disregarded Entity (aka a Sole Proprietorship/Branch), a Partnership, an S Corp, or a C Corp depending on the ownership makeup and elections made.Only knowing that you have an LLC without knowing further details doesn't help because advice can't be dialed in.The default federal tax classification of a single-member LLC (SMLLC) owned by an individual is a Disregarded Entity (DRE). 

Look up: Notice of Default Purchase Agreement.

My home is not in default.