In the time it took you to create an account on BP could have yielded the answers you’re looking for.  

Having a group of friends living in an apartment complex creates a sense of community and reduces turnover.

Do my 3 associates need to create a LLC to be able to do these renovations or can any individual do them, as long as proper permits are pulled? 

Being a one stop shop for mortgage, real estate, and property management helps us save our clients $$$ and they only have one company to deal with and one contact saves time and creates an unmatched synergy.

That move created frustration on my part and the seller and had to amend the original contract.

What I wrote above does not create an attorney/client relationship between us.

What I said in an earlier comment about "section 179 can't be used to create a business loss", that wasn't entirely accurate/complete. 

If it's just slapped in the backyard, i'd imagine it may not make a big difference but if you create an environment around it, it could be different.   

That move created frustration on my part and the seller and had to amend the original contract.

I’ve personally found that specialized property perks can create stable, long-term renters.