Thank you in advance for your thoughts and guidance!

We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.

This is not tax or legal advice, just what I personally do, consult your professionals! 

I know that the general guidance is that emergency funds aren't to be invested, but given our financial security and the fact that we already have a personal e-fund in a safe, non-volatile location, would it still be crazy/unwise to invest this 15k in an S&P500 index fund in a brokerage? 

Lenders will want to see the filed Articles of Organization, an Operating Agreement that you can get from your attorney or, if you're brave and it's just you on the LLC, some people use Legal Zoom or Law Depot.

However, I thought the franchise might offer the guidance I needed. 

Looking for some guidance here.

So, just give it your best self-help effort to find them, and then let the GAL do his or her job.As far as an ejectment lawsuit, the real question is, was the property legally abandoned?

The tenant consistently paid late after pandemic, eventually declared bankruptcy, and leveraged the legal system to drag out the eviction process for nearly a year.

An LLC is useful for two things: anonymity and legal protection.