Although every lender will definitely still run his credit, I cannot imagine two mortgages on his credit file not raising a red flag but he wants to try it anyway. 

Imagine buying the home of your dreams, you find it was used for a meth lab and the house is not habitable because it was contaminated and Red Tagged.

If they are not, I'd recommend shopping around and finding someone that does.If this triplex is anywhere near Garden Grove, CA, then I imagine you will have no difficulty getting a nice amount of rental income from the other two units.Let's assume worst case scenario...You can't qualify because your DTI is too high or whatever reason your lender is giving you difficulty.  

I imagine if I had a real estate agent that also invested like I hope to, that person would save the best deals for themselves.

I can’t imagine the LLC thing works, unless there’s some way to prove that the term was driving the car as part of working for the LLC.

I imagine cameras are probably a better deterrent then the fence

I can’t imagine that would be economical.

We use this service (called Payslip) through AppFolio - I imagine it's not AppFolio-exclusive.

This is what I am concerned about...when the imagined partnership meets reality - how to brace and protect for it.

I would imagine that with the Hydrofracture in your area, finding tenants for high rents isn't exactly hard.Good luck!