You may be able to explain the situation and avoid making alterations to your LLC. 

Take control of the situation yourself, and if you want her out, then give proper legal notice.  

Quote from @Satyajeet Dodia: I need some guidance since i have got diff opinions from diff CPAs on my situation. 

With that said, here are some questions I would ask myself about the situation: Historically, have the students paid enough in the 9 months to cover all the expenses associated with these properties?

I hope everyone is well, I came here because I need expert advice from you guys, let me tell you my situation: I have a investment property that i purchased 2 years ago and is valued at 65k that does not have any mortgage and that is already paid off, I want to use that property to buy another one for down payment , the question here is: What is the best way to do it. a heloc or a cashout refinance and why. your response will be appreciated :)

In a situation like that, if the market is right and the research is right, you're earning essentially everything you would in just owning the property outright, other than the fact that you won't get the tax benefits (but your LLC will). 

Ryan, this kind of deal reminds me of a situation a friend of mine, Carla, encountered a few years back in a suburb near San Diego.

What's really the practical situation.** Strictly restricting this for when doing comps between properties in the same sub-division **

--How in the world is anyone being optimistic about this situation?

Yes pretty common, minimum downpayment is generally 25% (occasionally that 20% will work) but just depends on your situation.