Coming to meetings he didn’t need to and didn’t even know he was going too, meeting with us regularly at the rental property to go over construction needs, staying extremely on budget and the willingness to work with us on three separate projects is great.

The big one people forget is you must keep it in a separate interest bearing account and pay the interest to the tenants annually. 

Caleb Bryant - I picked up your post on a separate thread as well.Appears we are having the same issue with the same Lender - hardmoney man - Ken Vesley.

If you can find one with a separate entrance for your bedroom above a garage or as an in law suite even better.

I don’t know if this is common practice, but I separate each property I gave in it’s own checking account 

Even if roommates are paying you separately, this is not a terrible amount of data entry.

The asking price is $178,000 it's a 2/1 on each floor with a separate entrance.  

Or does both the monthly mortgage amounts and the rental incomes get added separately as debt / income?

It’s probably best to keep investments and vacations separate.

The equity in a single CA property is more than I want to have at riskThe separation of finances to have the LLC actually protect the individual assets is a hassle.