If so, the test for corporate (business) limited liability is whether the corporation is separate from the individual, whether the business holds itself out as the owner rather than the individual and whether the business is properly capitalized to avoid foreseeable loss.If you have good insurance, that's basically the same thing as being properly capitalized to avoid foreseeable loss, but you have to realize that any injury over the $1mm mark is probably coming out of your assets. 

From a legal standpoint though, a multi-member LLC is a separate entity (often treated the same as a separate individual), so why would there be any liability for a broker when the entity is purchasing a property that is not utilizing the services of a broker.

If so, can a lender please speak to if it would be possible to find a partner a create two separate loans.

Units in 3 separate buildings*Each building is 2 stories What made you interested in investing in this type of deal?

(This estimate could be hours per week, or days per month, whatever makes sense to you.)Separate first and second year projections would be ideal.

Also, one of the bedrooms i hope to add will be in the basement, which is already finished and has a separate egress.

In this case I would have the tenant remaining sign a new lease with the remaining term of the original (unless they wanted a different length)And then I would write a separate half page document cancelling the previous lease and have everyone one sign it.This scenario is why I like all parties to qualify financially if there's unrelated people on a lease.

It isn’t a separate item.  

You will need a Residential Single Family Purchase Contract (assignable or double close), then a separate assignment of contract interests.

So my parents are separated in age by 14 years and my father's health is declining a little more rapidly than expected.