Hi AllThank you in advance for your time + help.I am wondering what kind of arrangement you all have with your local person who stops by the residence in case of problems.

I imagine there are a lot of 3/2 that probably sleep 8-10 and if you can offer a slightly larger bed count and a cool game room/theme room you can differentiate yourself a bit from your competition and get some extra revenue through slightly higher rate (extra person fees, etc) as well as an overall higher occupancy. 

Can a person own two homes with two VA loans and refinance one of the homes  into a conventional loan freeing up some of the entitlement which would enable you to buy a 3rd home under the VA loan?

Personally, I would be hesitant to jump into a deal when the existing partners are cash-strapped.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

Since this has been a goal of mine for years, I am really eager to move in and start my real estate journey.

I personally would reach out to your real estate attorney.

Regular reconciliation of accounts and maintaining a clear separation between personal and business finances is crucial.

Why is it asking for personal info?

Since you are just graduating college you may already realize that it's not what you know, but who you know (as a personal note, I had college friends that were barely passing their classes however they ended up with really good paying jobs due to "who they knew").