If each LLC functions as a stand alone operation which not only includes bank accounts, but also meeting minutes and proper resolution documentation like operating agreements and alike then they will be viewed and treated as separate entities and the only charging orders could apply.

Yes, since payments reduce your personal debts and thereby increase your assets, having your LLC pay personal debts is commingling your business and personal economic standings.

I can't stand it but I can't leave it alone.

Selecting what to do has much to do with you, your ablities, goals, credit, money avaialble and personal preferrences, there is no better property per se.I suggest you study your tail off, get very good grades and stand out among your peers first and not be so concerned with investing now so much but pick up the basics and techniques a little as you go.

I do buy higher quality carpet (think durable and best wear-resistant and not pretty and fluffy) that looks decent and stands up to abuse.

Here I had an elderly lady who could stand before a judge and in little squeaky voice say, no, I didn't understand it that way at all.

As it stands your cash flow is almost 5k a year (less maintenance/vacancy) and might grow more if you can raise rent.Bottom line could you do something with the 10k equity that will generate a better return?

So if I stand correct in my assumptions, My end buy would like to purchase somewhere between the best case and the worst.

Interesting, Darren, my definition is very close to yours, but I'd say there is another important element, the quality of the information given.To me, the derogatory use of the term is applied to those that add fluff, exaggerations, aspects that while may be technically correct but are highly improbable to replicate or simply put out bad advice with no consideration to ethical issues.I make that distinction because, some professor in some university teaching a real estate course or some instructor in a state approved real estate school for agents isn't a guru, they are teachers and instructors.The difference in being a non-guru teacher is two fold, 1. the materials taught are compliant with rules, regulations, laws, accepted in practice and are based in sound applications of the business; and 2. they are qualified by education and experience, by education that has some professional level that is determined by proof of their mastering a level of knowledge, testing and degrees earned or certifications by proper authorities in the industry or academia.

There's nothing like flying an airplane and then looking for the manual.At least you know that you the caller is not the person in charge, hence can't sell you the property.That person will have "standing" with sufficient capacity, powers and authority to transact.