Just keep in mind that there are further steps you'll want to keep to minimize the possibility that your entity is ignored for this kind of personal liability (say, if you were the person who didn't properly clear snow, or if your finances and the LLC's are comingled).And I agree with @Chris Seveney, insurance may provide adequate protection based on what's available to you.

SO expect to pay a premium based on what the potential value of the building can be once maximized and stabilized.

Based on your response, I probably need to hire someone just for the Open Houses who is available multiple days per month.

Based on the info in your post, my recommendation would be to turn these assets into well oiled machines and max out their NOI.

My question is can we create a LLC for her and Dscr refinance our current property into it to free up my dti?

By reducing the principal balance, your lender recalculates your monthly payment based on the new, lower balance.How Does Mortgage Recasting Work?

The answer is based on your goals.Short-term goals are tough. 

We also have two of their courses available for free if you want to learn more about self directed iras on your own.  

Typically, I also avoid paid education because there is so much free content.

Feel free to Dm or email me if you have anymore questions.