Best thing for you to do is contact 2 Mortgage Brokers in the area, complete 2 FULL loan applications, just write TBD in the subject property address and allow a FULL tri-merged Mortgage Credit Report pulled. 

In addition, they want and need answers to their questions in a timely manner, not some e-mail address to send to that will get back to them in 24 to 48 hours!

For example, I manage receipts for my current AirBnB unit by creating a separate email address specifically for this purpose. 

Its 3x 3/2's and 1x 2/2My question is what concerns/ complications/ cons does this propose, if any? 

I called my lender and expressed my concern to which she said she would ask the senior loan originator.

I personally would not co-sign or co-borrow with anyone, other than my wife, without a legal binding agreement addressing default or dissolution of the partnership.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I have their information in terms of address, but I'm curious to know why no one has placed a bid on the property. 

No one has asked me for it and they send 1099s to my home state address.

My question is concerning whether or not is can be a good idea to separate your real estate operations into two entities: (1) an LLC that holds your property and (2) the LLC that holds your property management operations, where the LLC (holding the property) would pay a management fee to the LLC (holding the property management operations) for its services.