As far taking a $1K loss a month, maybe talk to different prop mgmt companies to see if you can get a better deal or if your property needs any upgrades that you can perform in order to ask for a better or higher rent, something to consider.

HML hate creative financing deals sadly. 

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Have you ever had to deal with major delays in a renovation project, and how did you manage the situation?

I am purchasing a Duplex 5bd/2bth each side, and planned to house hack one side and rent out the rooms. 1.

     @Bob Gruenig, what @Chris Tracy may be trying to point out is that if you are creating a LLC and bringing in other passive investors into that LLC, your LLC may be subject to securities law.The easier option would be to let each individual come into the syndication's LLC directly. 

After all, banks require a separate EIN for each series and each series is a separate entity for all purposes.My approach is to use both the series name and the LLC’s name in the EIN application.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

I have a family member that’s willing to lend money from their HELOC for my next deal to cover rehab costs.