My plan is different since it involves commercial real estate properties instead of small MF, although i am essentially using the same strategy except with less frequent purchases and only buying 2 - 3 properties over time and with small partnerships.  

The ARV is essentially what I'm paying for the condos.

You're essentially "on hold" for that 6 month period.

You are essentially saying, "My market is hot enough that I don't have to pay the standard commission, so I am not going to."  

They wont care who has the mortgage and who holds title since you and your LLC are essentially one in the same.

They essentially stand at the corners of lots with laser measures to calculate square footage of the structures and property.

Essentially it's all your money even though it's in an LLC.

As am owner occupant setting up an LLC @Pat Gage you have essentially taken away one of the biggest benefits.

It's like everything has been taken.The plan is essentially to hit the streets and find dilapidated properties and buy them with cash, then rehab.

The way I interpret this, you could ask the court to award you $48 for legal expenses incurred while filing the eviction, but this clause essentially says that if the tenant pays 3 things prior to eviction notice (past due rent, late fees, and any other costs the court mandates) they have the right to remain in the premises.