Having separate legal entities doesn't per se prevent you from making a distribution from one and a follow on contribution to another.

Elon Musk's The Boring Co. grabs land east of Austin through a separate entityProperty records tie the tunneling company to 73 acres in rural Central TexasProperty records filed with Bastrop County reveal that Gapped Bass LLC purchased 73 acres in May in Northwest Bastrop.It would seem that the few dozen job postings in Austin for the Boring Co. and now the linked entity land grab East of Austin indicate Elon is setting up multiple shops in the region.  

Shared utilities or metered separately? 

It comes with 3 water heaters, 3 separate electric panels, however landlord pays for heat since there is only 1 furnace.

You probably want to make the lease and option two completely separate documents. 

Because this property has 3 separate basements, we need 3 separate systems that will cost us about $10k total.

More info on my separate post here: https://www.biggerpockets.com/...

If you use tags you can separate each property. 

@Matt Small If you are indeed separating amicably you can hire one lawyer/cpa to arbitrate or help you see the pros and cons of your choices.

Is it worth creating a separate branch of your team to specialize in Investors vs.