Your business entities should be owned by each other, not any human person and any income property or short-term holdings (flips) you acquire should be held in the business entity(-ies), not your own name.There are resources available on the web to explore at your convenience.There is one aspect that should be mentioned: mindset.Those who oppose business entities will remark about what it costs to establish and maintain them.

After purchase it was debated which avenue to pursue for a renovation, either a conversion to a single family home or maintaining the duplex floor plan.

On the other hand, keep in mind that there are costs associated with maintaining an LLC (such as the $800 annual franchise tax in California).2.

It's hard to maintain the integrity of the deal with that added dynamic.

I used to do all the inspections myself to maintain consistency.

We know we'll have to do 1065 filing b/c of the multi-member structure, but it still seemed easier and more economical than creating and maintaining 2 LLCs... since we dont' have plans for many members or lots of properties, etc.

@Kameron Holloway  Look at some places locally through open houses and study the market where you will be buying. 

- they got obsessed with building these spread out high end communities that are very expensive to build, maintain and live.

I know that on 1-4, you can study comps and ARVs and have a fairly good idea, but you're still more vulnerable to market conditions (i think).5 or 6 units could be priced similarly, but if you increase NOI, you should be able to increase the appraised value, thus having better chances of a successful BRRRR.

To get around this, you need to have a good relationship with a bank, and show a strong track record that you can not only increase the value of the property but maintain that strong performance.