As mentioned have an attorney or title company draft the note and mortgage.

The paralegal was good at interfacing with title and trustee companies.

If so, what’s the purpose of that holding company, assuming anonymity is not a priority?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

I have been working with the title company who wants me to changes this to purchase the property and put my name as the manager. 

We are considering becoming a private lender with them and I am doing some background research on him and his companies and wondering if anyone has done any deals with them.

For the last couple of years I have been working from home for a very good company so I kept moving the financial goal posts because I wasn't miserable. 

A professional trustee such as Exeter Trust Company is the way to go if you want it done right, imo. 

Some outreach to local companies with a transient workforce may be worth your time - you'd have 1 lease rather than 5 (1 per bedroom). 

If you don't plan on paying cash and have to leverage with an owner-occupied loan product then you should set up your LLC as a property management company because you will not be able to borrow in the name of the LLC.