My understanding (not an attorney) is that the LLC gives you some liability protection, but unless you completely keep your finances separated from personal, that they can "pierce the corporate veil" anyway. 

We went our separate ways with our partners in 2008, and my wife and I put our gains along with some additional equity into a SFR foreclosure in San Rafael through a 1031 exchange. 

We rehabbed both units to include redoing drywall and insulation, refinishing hardwood floors and adding LTP flooring, adding a new bathroom vanity, replacing some fixtures, andredoing the front deck and adding the back deck for separate access to the back unit.

@Neil McCartyIf you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds from your former employer 401k and/or non-Roth IRA.You could then take a loan of up to 50% of the balance not to exceed $50,000.

And when something is confusing or overwhelming, it is our natural tendency to turn away from it. 6) BUSINESS SETUP - separate bank account, decide on LLC/personal name/trust, and also acquire some good software for deal analysis in your area7) ANALYZE DEALS - as opportunities come in, analyze them.

Set up a separate llc?

For the trash I would erect some sort of area on site with cans and hire 1 or 2 separate workers to bag it up and bring it out. 

He had been marketing it all along.I don't care if someone makes a profit, but I would appreciate not being lied to and manipulated emotionally.

But it seems to me your emotionally invested in this place.

If the buyer wants to separate them, then yes, a residential loan on each with separate payments, etc. would be in order.