For this project, that would mean targeting land in the $1.5 million range.

In my experience, you are thinking through this correctly.I've heard lawyers say, if the loan is in your name (which it has to be for conventional) and the deed is in the LLC, you aren't treating the business as an independent entity and in a severe lawsuit, the corporate veil is pierced and the LLC can be thrown out.I agree that one of the best defenses is to run your properties well. 

@Josh LemonsThey have a regulation A offering which is open to accredited and non accredited investorsThe great thing is they have to submit their offering circular and have it qualified by SEC as well as submit financial information etc.All this means is the information is readily available and if you do not understand it then I recommend engaging an attorney who can interpret it.

My first fear for you is that you don't really know much based on your questions and you might need longer to learn it than just trying to get and fund this deal. 22 units, with only 2 multis as experience, makes it harder to find stranger money, but more probably to find friend or family money if that makes sense.

I found a new build I like and in my price range while visiting Charlotte this weekend.

If you are willing to house hack and live in one unit of a 4 plex, this would work.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

This PM will be trusted with the accounting, collection, and transfer, of tens of thousands of your dollars, or more.

No matter what they say at least it shows you're trying to find a solution but the upstairs tenant really is the issue. 

Quote from @Adam Jones: Hello Bigger Pockets world,I am new here but been investing in RE for a few years now.