So in the event of default, your personal assets are pledged to repayment of the debt as well as the LLCs. 

You might want to scale back your 401k contributions and put it on the CC debt at least since it will be very optimistic to think you can match double digit rates of return in the market for much longer.

wow, have to stay on top of things so events like that won't happen

Although I haven't had any deals, I have read and attended may real estate investment events.

I was originally thinking it could benefit us to have just my name in the event something bad happened to my credit, at least one of us would still have good credit.

Crazy thing is the neighborhood held a charity event to help him fix the house around the same time it happened, Raised $19,000 for him.

I'm from Dallas myself and no I don't plan to attend those events.

@John O'Keeffe good to hear you work in the city, that means no excuses for missing next event!

The most well-intended and capable end-buyer does not want to be out several grand in the event the house burns down before she or he can close on it themselves or there is some huge title cloud.Whatever you want to make on the deal is your spread between what you get the seller to agree to and what you get the end buyer to accept.   

Keep your credit cards in your wallet and leave that at home when you to go to events.