They said I would need to show liquid assets of 1/3 of the total loan.

@Jason IskarpatyotiYes, however it may be advisable to document in the partnership agreement that the phip is responsible for loan servicing and extinguishment upon sale of the underlying asset , and that the individual on the loan is a guarantor if you were to go this route.

You would need to buy an undervalued asset and put a lot of equity into the home (good amount of renos which you stated you did not want to do with "nothing crazy") or see some massive appreciation on your home.

If not, you are basically comingling the personal asset(Its your loan, not LLCs) with the LLC's asset and that defeats the purpose of having the LLC. 

My goal for Q1 2019 is to create the proper organizational structures to put these assets such that we are not exposing each other to unnecessary risk from a liability and tax standpoint.

Are you trying to massively grow your asset base?

@Eric TomlinThe cash is easy, the land needs to be appraised, I doubt the LLC has much value other than the assets (land and cash).  

As for the “she would get half if we divorce”.....she would get half anyway, FL divides up assets acquired after marriage 50/50 in the event of a divorce.  

For me, being involved with REIAs, has been THE biggest asset for me. 

This was an extra layer of protection that makes it more difficult for someone to get at your assets?