But every day investors buy less than desirable property utilizing high leverage debt at high interest rates producing high risk of negative cash flow and built in negative equity.  

Like they want to file a Quiet deedRE is becoming over run with  OOS  BRRR ROI  COC etc etc.This type of thing is very common though in Aviation there is an abbreviation for nearly everything you do in Aviation. 

But even breakeven on a house in a super fast growing market like Raleigh will statistically produce hundreds of thousands in return equity over time.

Next, you will need a real estate attorney in your state file a quit claim deed to change the title to the llc.

The tenant's insurance policy should name you as "additional insured" so that any lawsuit against them would also protect you without having to file a claim with your own insurance provider.

@Natalie KolodijI am also on the hunt for a Real Estate CPA for Tax prep, planning, and filing.

Years ago, I could file claims for small, even minimal, damages on my rental properties, like a few fence pieces blown off during a storm.

Lenders title insurance policy should be obtained and all documents properly prepared and filed accordingly.

I am from TN and the real estate here has gotten too pricey to produce the returns I am looking for.

Since they can always file for the tax deed and get their money back plus interest, it is a no brainer for them and it's much more legal than laundering their money.