Maybe I'll circle back and revisit...thanks for the idea!

I'll revisit this when I take action and let you know how it all shakes out. 

In the future if you have some excess capital you could revisit it, but now you know the risk of leaving the seller in the lurch is too high and your reputation means more to you than a few bucks.

I can approve maintenance requests and deny requests when it’s clearly the tenants responsibility (eg changing light bulbs).When it gets to the point where I have dozens of properties in one city, i will revisit the need to hire a manager.

As someone who criticized the landlord I think its useful to revisit what he actually did.

When you actually get to $100,000 in exposure, revisit the issue.An LLC IS useful for setting up a separate bank account and things like that, but don't expect it to be a lawsuit protector.Spend your time and money buying properties, so you have something to protect. 

Sell the house then, or revisit the Capitol Gains question.We are hoping to sell ours with owner financing, wrapping the underlying mortgage in 2 years. 

There are potential tax and title problems with your current strategy.There is more to LLCs than most people understand and depending on your reasons and expectations you may want to revisit your approach to LLCs.Personally, for asset protection, I look at the equity of the property to determine if it needs it's own LLC.

It's 7 years later and I'm revisiting this post to see if selling real estate with crypto has more feasible options now.

We can revisit those examples if necessary.