LLC's can't have shelf stock, so if a partner wants out, someone has to buy their shares (the LLC can't own shares of itself the way a corporation can since it only exists as a vehicle for the partners' interests).

Zach is correct that in Central Florida it is customary for the seller to choose the title company and pay for the insurance, however in Miami/Dade, and I believe Collier County, it is normally paid by the buyer.A good source for information is ALTA (American Land Title Association)

We've created an LLC, and are looking to get funding through the corporation itself.  

My signature on BiggerPockets says I'm a Real Estate Investor, but I'm really a Corporate Goon.  

I know a Japanese person and the South Bay is a good American match.

You could likewise do it with a Series LLC, or a Corporation, it depends who sets it up, in which state.

Additionally, I keep going back to the thought of asset protection and can't determine whether it'd be worth the time and money to incorporate or form a company and purchase the asset through that corporation or company versus simple personal ownership of the property.

You can't create an LLC and buy it with that entity because the short sale lender will want to see the corporate docs to ensure they know the seller (or listing agent) is not the actual buyer. 

I am very interested in this subject and i highly recommend to try to get Joseph Lstiburek from Building Science Corporation as the guest.

Also, affordable rental housing shortage in Nevada, Arizona, Oregon, Colorado and Utah, as well as California and Florida.http://www.usnews.com/news/business/articles/2015/05/01/more-americans-spending-at-least-half-their-pay-on-housing