I'm looking to setup a parent/foreign Wyoming LLC.

Meaning, that once closed under the business / LLC the debt will no longer populate on personal credit checks.2.

Haven't found much resources on how to structure the deal whether to buy out partner's shares at existing basis (I believe this wouldn't be advantageous as I wouldn't get to mark the asset to market and lose out on depreciation) or open new LLC or S-Corp and buy out both partners (I would end up taking gain tax due to sale but would get new dep. basis).

I used a lawyer in New York to setup my first NY LLC and a lawyer from California to setup my first CA LLC.

Its an LLC so I probably wont be able to make them pay for the roof repair, right?

You will need to supply more detail to your request to figure out which lender might be best for your project.Thanks Steve, Preferably a bank with checking, that will finance multifamily for my LLC, based on the asset and its existing and potential returns not necessarily my credit or income. 

Would opting for a non-charging order protection state LLC be simpler?

Do you believe online accounting services like 1800 Accountant are good for the owner of a Real Estate LLC?

Deducting expenses and considering an LLC or S-Corp structure might help manage taxes.This post does not create a CPA-Client relationship.

Thanks in advanceVery common strategy - I would say if the LLC is buying it then make sure it is buying it and its separate from you as a person -for example if you are getting a mortgage it must be in the LLC name not yours.