Depends on your local rules and regulations, but in the state of Virginia such a practice is perfectly lawful.PS: Do not take model legal language and incorporate it into your contract unless such language comes from an attorney. 

Also, if you are operating as a LLC, the State of your incorporation may not allow your LLC make lending a business purpose of your LLC.

They incorporate ADUs into all of their BRRRR projects.

The plan would be to partner with local hospitals, insurance agencies, businesses, etc. and incorporate great amenities, where I would imagine I could make a better return, but that's where I'm struggling to determine how much better than listings in Furnished Finder.

I'm a 2x House Hacker in Los Angeles (case study in the BP book The House Hacking Strategy) and I'm going to be direct so that you can incorporate it into your analysis. 

With a decade of experience of working in corporate finance, I've done top-notch deal analysis for this MTR; It's not luck, it's hard work. 

But hey, we've incorporated the only protection against liability right?

If you are using an accounting software, it is impossible for the assets to not agree with the equity / liabilities.Did you factor in everything from the closing statement(such as pro-rated rent, closing costs, lender fees, etc)Did you use a PM company, if you did, did you factor in incorporating the PM Statements.Again, if you are using an accounting software, and factoring in all the transactions from your bank account / credit card, it should not be off.

Remember to back it out as a business expense too which should make the real rate a point or two lower depending on your tax bracket.2) For securing loans, I incorporate the value stated on balance sheets within my personal financial statements.

I also understand that some states are better to incorporate in than others.Does anyone from VA know if this State has good protections for LLC?