You should maintain a set of books that incorporates the statements that are provided to you.

Then, in order to make sure your corporate veil can't be pierced you'd need to maintain independent bank accounts for each LLC and sign different management agreements for each LLC you manage with your PMs.

The owner wasn't maintaining it because he lived out of state.

Tenant has changed flooring, paint, cabinets, and maintains lawn.

If we have a new LLC to maintain the rental portfolio but the rental properties are still in personal names is it OK to spend money on the rental property using a business credit card and collect rent to the business account even though the LLC dont own the property but the properties are still owned on the personal name ?

Hello does anyone know if it is possible to transfer a property that I own into an LLC that I have 20% ownership in, while still maintaining 100% ownership of the mortgage attached to the property? 

Maintain communication with the tenant and explain it to him that you do NOT wish to evict him, but in case he is not keeping his promise of pay at the end of the week, then you are prepared to do it. 

You just have to look at the benefit/cost of acquiring and maintaining your license to decide if it would be worthwhile for you. 

currently learning how to maintain contact with realtor and contractor.

Now on to expenses; there doesn't appear to be any info on that on the page, but there is a Brochure PDF. 50% rule suggests they should be around $14,400[] []The first page says it's fully occupied, well maintained, easy to manage, with opportunities to raise rents and lower assessment value.