Centralize your back office / use remote employees / VA where appropriate to cut costs and improve service levels / responsiveness.  5.

Fuel costs likely to rise over time, but work from home helps

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Heck, you process debit cards if you insist for 1/10th the cost and non-reversible. 

(So unless they sell for much more than they paid they will only get a small percent of their down back, especially after selling costs,) but you did say they were getting a discount.

You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

After pointing this out, I would have expected the cost to be eaten by them.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

One month of vacancy has cost you $2,400.

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs.