Meaning you have to respect the capital account at the end.

Determine the proportionate share of the deductions based upon all facts and circumstances.With respect to mortgage interest, apply the home acquisition debt limit and the home equity debt limit to the qualified residence or residences to determine if all of the mortgage interest can be deducted.

Also, 99.5% of the forum members are respectful, cool and helpful and aren't @ss-hats which makes for a good community. 

Considering you have a very respectable income leads me to believe it's just a matter of time, BP is filled with others who have done the same.

They had a very respectable interest rate of close to 2% awhile back, but things have dropped to 0.60% as you mentioned.At the end of the day, the interest you get from a savings account isn't going to create any real wealth anyways so it's not a big deal.

I believe with $5,000 - $10,000 the trailer court could be made fairly respectable. 

Ask the lender to put the deal aside for a minute and get real with you about potential deal killers with respect to YOUR qualifications as a borrower.

@Ryan Schwartz, respectfully, I agree with @David Greene 100%.

They are willing and able to give a respectable pet deposit along with the rental deposit if someone can help them.  

You did not mention the federal income tax status of the two LLCs.If both are disregarded entities, the rental arrangement will not be respected for federal income tax purposes and the real property will be treated as owned directly by the operating activity.If the operating LLC is an S or C Corp and the LLC owning the real property is disregarded, any lease agreement between the two would be respected and you would indeed have a "self-rental" for tax as Ashish noted.Whether or not you should be an S or C Corp is a great question, and shouldn't be taken lightly.