Accounting Simplicity: Creating a specific bank account for each LLC can streamline accounting processes, making it easier to track income and expenses for each property.

Huge helps without complexity. 

I know the property management plays a huge role in this and can certainly be a determining factor of success

Once that time passes, contact a lawyer and start the eviction process.

Why do I see some independent mortgage loan officers submit borrower's application directly to lender without going thru their employer/broker's loan processing?

@Zach Ranney your overall thought process is exactly what I would recommend.

My fear is that, as lenders, we could end up owning what would amount to condemned buildings on soon to be vacant lots when our borrowers either walked or went bankrupt after the “Big One” hit.While I also wonder about the solvency of the CEA, we’re in the process of re-evaluating our personal and business insurance and this thread motivates me to dig a bit deeper into it.

Is there another tool or process you recommend for finding unrestricted land? 

You could also hire a professional cohost for a reasonable fee who can walk you through the process 

And keeping that interest rate would be a huge benefit to her.