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Although the judgement will be against both the husband and wife they are now separated with the husband paying child support (x2) and the wife a full time student. 

@Patrick NuciforoIn general, assuming that you have not elected to be taxed as a corporation, and you are the sole owner of the LLC, the entity is disregarded as an entity separate from you.  

The building has been stripped and the former owner ran out of money so the units are void of kitchens and baths (and a bunch of other stuff too, but thats a separate issue we have a handle on).I would be grateful if the community would chime in and provide a rough estimate to install new kitchens and baths for the following units:(2) SFR 4bd 2ba (6) Units 2bd 1ba(7) Units 1bd 1baThe work will require everything cabinets, sinks, tubs, showers, and toilets (please if possible specify whether you're including flooring into the estimate so we don't also include it in our flooring budget).

I suppose it's all in the numbers, and the duplex+single family home for us to live in seems to make financial sense, but I'm nervous about getting into two separate properties as opposed to waiting for one bigger property to come on to the market to get it wrapped up in one mortgage. 

Not to defend myself, but just to clarify the information I give to BP readers, my answers are never based on emotions, or lack of evidence. 

It is my understanding that the purpose of the LLC is to protect the owner from liability issues and that in order to do that each property should be in it's own LLC.This is both expensive and complex as it requires separate checking accounts and tax returns for each property.

To me it seems like it is two separate transactions independent of each other, however I just want to make sure...I've tried looking and I can't find an answer anywhere....

@Lawrence Barnes  members can either contribute capital or loan the LLC money either way. you could simply contribute capital and in your operating agreement it calls for a distribution to you monthly that is separate from the normal running of the business. 

Basically look at these things like a math problem and it makes things more simple and less emotional.