Don, I completely agree.

Pierce that corporate veil like a water balloon.I have a few buildings and each with 4 or less and hence residential investment loan. i agree and have come to the conclusion to increase the liability insurance by 500k. 2nd- buy an umbrella insurance from the same/different carrier. 

Agree with one name per loan if possible.

Also note the condition of the unit, room by room, on the move-in check list.These are your primary defense EVIDENCE exhibits to be presented in court to counter the tenants claim(s) of non-habitable condition.

I agree that these are more important factors.

Otherwise, I agree with your strategy. 

Agreed with previous.

I agree with Clayton to fill the vacancy and talk to other brokers about lending terms, but if this is not your only property perhaps those could be part of the equation.

I agree with @Patrick Franta and @Mike Neubauer that  a 1 bedroom will give you a better ROI though because you can still find relatively decent deals on 1 BRs compared to 2 Brs. 

If you both are on the title (you/husband + friends' LLC) you'll both have to agree about whatever disposition.