Our private equity group is considering the JV/preferred equity structure using Realty Shares with the purpose being that we can access our untapped equity without having to refinance or sell. 

Name of entity is not all that important unless you also intend to use the same name for "branding" purposes.  

Say I plan on buying a duplex and rent out one half as well as maybe a bedroom in the one I occupy, now i have two units, what kind of reserves do I need at all times and for what purpose?

Because the deal in the works, I am purposely being vague on the specific details. 

My post was removed by an administrator, as I did not know I wasn't allowed to self promote on these threads being new to Bigger Pockets.

Many "operating expenses" taken by property owners are more accurately capital expenditures and should not affect your NOI for purposes of valuation.  

If it did you would have to register and pay yearly fees in every state you owned property for business purposes!

I guess it's just for entertainment purposes and not really education, but still, if you're ALWAYS going to only show successes, then change the name!

In my experience it will be an inspection for your informational purposes only and the bank isn't really willing to fix any inspection concerns that may arise. 

I just started my first business in January, an LLC, for the purpose of fixing and flipping houses.