If you have standards stick to them otherwise don't have standards at all.You are operating a business not a welfare office. 

This guy has worked doing residential and commercial and now has started his own deal where he operates on his own.  

Electric panel operate to 100 amps?

A separate LLC also needs a tax id number, an operating agreement and an account with the state comptroller.

After that I'm guessing that the executor will either have your parents buy out the interest of the deceased according to the operating articles of the LLC or it will be dissolved and the assets distributed to the members (your parents and the estate/heirs).Many of our clients have taken the opportunity of having some time to plan and have used a 1031 to purchase an investment property that they will convert later into a retirement residence. 

Getting either a real estate broker to comp your house, or better yet, an appraiser to appraise your house are your, two best bets for closer, still not 100% accurate numbers.

Can you walk me through an analysis of a rental property's operating statement?

You could try Zions Bancorporation which is everywhere here in in UT and operates several brands throughout the country, or US bank has branches in UT and SC.

Projected operating expenses will be $2,108 (excluding financing costs) monthly. 

So if your partner and you have a deal coming up soon, then your best bet is to start with your own surrounding.