My monthly payment to the landlord includes both the rent and this allocated utility charge.

...The state law expects that you only hold one month, so they either move out and you allocate the funds as needed for repairs and return the balance, or they stay and then you give them back that amount over the one month of rent.

You can allocate your proceeds in any way you want to purchase the two small condos. 

This also is what you'll be breaking down for tax purposes as to the allocation of principal and interest.If you buy a note with a 50% discount, then what you paid is your basis or cost of that investment.

If your guys were truly licensed realtors that would probably be your easiest route, as they have insurance or a pot of money allocated to cover things like this, I believe. 

Or, if one spouse does no work in the business, can the spouses co-own the LLC but allocate all profits to one spouse?

It discusses renter payments over the past few months and how Class C is showing real signs of distress, the effect of various programs to date including provisions of the CARES act, the proposed provisions of the HEROES act including eviction moratoriums and the HUD allocation, and the need for Direct rental payments. https://www.forbes.com/sites/d...

It will be rare to find one who understands Real Estate to the extent as many of the contributors here on BP.If you do meet with one, speak to a fee based advisor vs. commission based to reduce the risk of conflict of interest.Chances are you will be given a recommendation for insurance, mutual funds or some kind of managed money product in stocks & bonds in an allocated portfolio for retirement, education accounts if you have kids, etc.Remember that a Financial Advisor's isn't there to help you become wealthy.

Sponsors are free to allocate whatever they want to their other channels ( such as the investors they already have) and to the crowdfunding marketplace.

I also need a syndication that can allocate larger sums of capital, 6-7 figures.