But folks tend to spend more as time goes on then you have inflation and your rent income does not grow as fast. 

It's important to analyze what went wrong to avoid making the same mistake again.I see a lot of new investors spend their very last dime purchasing a rental, then they have no money available to cover unforeseen events like what you experienced.

It was a decent chunk of money, but if it protects those assets better, I think it's good. 

There is money to be made and success in different strategies in RE. 

All the rent money and the mortgage payments comes in and out of the parent LLC's bank account.

I would put even less weight if a 'financial advisor' is doing other services such as taxes / insurance because he / she is looking to make money in anyway possible.I personally think if you want some financial advice, you should seek someone with the CFP(certified Financial Planner) designation. 

That way if Cozy attempts to remove money in the future the account they have access to will be at zero as you transferred the money. 

Not even money orders because they can be reversed just like a VISA/ Mastercard payment. 

If you have more time than money, this is the free way to do it.If you value your time, then use one of the paid sites, like flsonline, foreclosures daily, or a host of other data providers. 

Have clear goals like what cap rate you want, how much money you hope to make, and where in Denver you prefer to buy.