I would be careful about listening to anyone suggesting an LLC because people selling them have their own agenda.An LLC would be to protect you to alleviate you from being personally liable should your venture go bankrupt or get sued by someone who gets drunk and falls out a window.

Talk to others who are doing what you want to do in your market and that will help to alleviate your concerns. 

Are you aware of any particular methods a deal provider might structure a new construction development to alleviate the early year cash flow concerns to investors (perhaps at some expense to returns in the stabilized years)? 

A couple things you can do to help alleviate her fears:1.

Many times I will get no show’s so scheduling multiple people helps alleviate that.  

IMO create some policies around lease signing, deposits to hold, when first months rent is due etc. this will alleviate many of these issues. 

@Ian KearnsDoing them both at the same time with the same lender alleviates a credit pull as well. 

We can structure the PSA language to alleviate the seller post closing of any involvement SHOULD a warranty claim come up in say August 2020.The seller is reluctant to assign us warranty info which seems to make no sense as its no sweat to him.

We have 4 kids so having everything lined up is our priority to alleviate any future headaches.

If you can show them the P/L after the first year, actual numbers not projections, that would go a long way towards alleviating any fears they may have.I've been investing for 12 years now and neither of my kids have been interested.