Nearly every State's contract has a section for special instructions to lay out terms, add extra documentation etc.The "one pager" contract has its place, but I use the State contract 98% of the time because it offers excellent protection to both seller and buyer, is easy to fill out, and is what everyone is used to seeing.

If each partner contributes cash but only one partner contributes labor or expertise, then I recommend you split the cash flow and equity based on the percentage of ownership at the time of purchase, and then pay yourself separately for your labor. 

It allows you some protection.  

Would love to get some feedback on what they could be and how I should protect myself going forward.2.

She doesn't.By rejecting her application, you are protecting yourself but you're also protecting her from getting into a financial situation she can't afford.

However, for just yourself, I personally don't see a reason for the limited liability protection, the primary benefit of a LLC.Good luck.

During times like these and what everyone saw were companies, no matter what industry, protect their losses on their P&L statements.

And 36 Other Key Financial Measures, Updated EditionZeckendorf: The autobiograpy of the man who played a real-life game of Monopoly and won the largest real estate empire in history.Landlording/Managing PropertyAsset Protection for Real Estate InvestorsBuy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made SimpleEvery Landlord's Guide to Managing Property: Best Practices, From Move-In to Move-OutEvery Landlord's Legal GuideLandlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun (Do It All from Your Smartphone or Tablet!)

If you have hundreds of thousands or millions in assets and cash, then you would want to be careful and protect yourself. 

He paid.If you feel it's a legitimate threat, hire an attorney and let them protect you.