Even with only $1000 in rent I’m still over a 1 to 1 ratio (was not taking out a lot of equity) but under a 1.25 ratio. get a valid lease in place then refi ?

Supervise them to ensure they stay good, and have policies and procedures in place to nip problems in the bud before they grow into something bigger.If you travel a lot, or don't have a lot of knowledge/experience/time, then you should hire a property manager.

BiggerPockets has a section just for this, Under the BUILD YOUR TEAM tab- then select- MEET UPhttps://www.biggerpockets.com/forums/521This will help you see the opportunities in your own back yard and here from your LOCAL experts. 

The goal is to have that done in the next 2-3 months and then start on rebuilding but not just a home on the now vacant lot, but a duplex.

It is my understanding that you cannot use the ADU for short term rentals in Los Angeles.https://therealdeal.com/la/2019/10/29/while-you-were-sleeping-la-bans-granny-flats-as-airbnbs/If you make the ADU all electric (like I did on mine), then you don't need to worry about splitting the gas. 

Then I will refinance the mortgage that LLC 2 has andpay LLC1I hope this provides a better option as I have beencalling around and the banks are telling me that if I use my own money I willhave a 6month to one-year seasoning period.

If you don't, then you have to take the owner's word for the amount the unit generates.

As such, if you're sued or something similar happens, then in some cases, the theory (at least) is that the law of privity should protect your other entities.

Most people who are looking to pay for something that exists as networking online end up not using it and then complaining about.Whatever you pay for or don't pay for, if you try to meet the other people using it or at the meetup, and you do that consistently for six months, things will happen.

Once you've identified specifically what your problem is you can then go about seeking the solution that fits best. 2) I like the mentors who are still active in the business and make their money from real estate and not from coaching. 3) Find out who actually does the types of deals you want to do some day in your market and get in touch with them!