I'd like to set up a LLC to protect me and any future assets I acquire but not sure how that will affect my borrowing ability.

It’s an appreciating asset that I’m not counting on cash flow from 

@Diane Stinebaugh - I dont think its one size fits all type of an answer because imo it dependsA few things to take into consideration would be -- age of the house and how much deferred maintenace it has- Is it A/B/C or lower class type of an asset- Geographical location and possibility of natural disasters like hurricanes, tornadoes, hailstorms, earthquakes etc.

I have preached until I'm blue in the face about the dangers of buying these low end asset classes and there is enough all over BP but too many people are still getting fooled. 

I also don’t know if you what it means to go bankrupt... it’s not just your credit score that will get destroyed, your personal asset will be taken to compensate for the miss payments.

Because of the need to be completely passive, I'm interested in finding capital partners (and financial managers) who would like to invest their SD IRA assets (or help their clients in the case of financial managers) into deals I manage. 

@Lance Marshallsince you have IRA LLC I'm assuming you wish to invest in alternative assets, otherwise you could simply open Fidelity IRA to invest in stocks/funds.

In addition to those resources, I have about 85k in paper assets/cash that I'm wanting to deploy.  

In your market I’d say invest in paper assets  not real estate .

We were pleasantly surprised when the asset reached it's goal 3 1/2 years early.