Now, we are currently establishing business lines of credit, unsecured, which are based on our personal credit (we're each doing this through separate LLCs).

Maybe because at the end of the year based on your earned income you can right off depreciation and other tax benefits that saves you $25K?

That being said, your allocation to net worth/PFS should be calculated based on shares you own in the deal.

- Based on the certification requirements, it seems that becoming a MLO is fairly simple process even if you've never worked in the industry before.

It would be great to have a local group based in Central Florida so we could meet in person but I don't want to limit the potential of the group so I'd be interested to hear from anyone with these interests. 

Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?

I expect you will have to pay transfer taxes based on the assessed value of the condo unit in order to transfer the deed at this juncture. 

I would not invest in the Jammes Road area based on what we saw and heard there.

I just picked up another duplex, that will have about a 20% net cap based on cash purchase, all from FL Good luck 

Based on your post, you have internal struggles that no one on this forum can help with.HOWEVER, based on your post, consider spending a little money to break up the house into either a 4/2 + 1/1 OR  BETTER YET, a 3/2 + 2/1.