I host a free virtual one every Wednesday (that is not new years day) and would be happy to send invite if you like. 

I'd like to keep savings and be able to hire out some of the work (something we have not done in the past).My thoughts are to put both into an LLC and look for investors or a business loan, and purchase and move to a new home.

Her and her husband are getting older so they hired us to manage. 

California does not have a law requiring deposits to be held separately (neither did Alabama when i had Alabama properties) and it seems like a significant hassle to address a virtually never occurring event (not having money to return deposit to the tenant). 

Both of those are virtually Impossible with mls purchase.  

(that is, assuming you've hired an agent with experience, market knowledge, and the wisdom to be able to guide you to what you're looking for). 

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Here is a link to 100+ bartending jobs currently hiring in Toronto. 

Staying involved in a business partnership while dissolving the marriage will rarely work.If you split the properties, I recommend hiring a good property manager.

@Michael Plaks comments in this recent post on making sure the person you hire understands real estate sounds really relevant to your situation.