There's generational wealth transfer and tax considerations as well to consider as these types of transactions can by synergistic if done properly.

If there is no clear title, the property cant be transferred, unless you are willing to take a property with no clear title. 

Probably $525k, so after transfers youll get your money back out.Condos are inversely cyclical to other assets though.

I've been told that if I pull a personal mortgage that bankers are often reluctant to transfer the property to the LLC and the local credit union won't do the deal at all.

Should I transfer the downpayment to the LLC account as an owner contribution and then log the income as repayments back to me?

I understand your not wanting to give up the revenue.However, transferring reservations to a new owner is actually a bit complex:1. 

Options include online payments through credit card, debit card, or ACH (eCheck wire transfer).

Where the synergy came in was businesses where the business owner also owned the real property; real estate that is also a business such as a marina or event center; and businesses that operated in leased property where a real estate license is required to negotiate a lease assumption or transfer.  

The unit's deed will be transferred to an LLC. 

Selling for 1.408m - 6% closing fees, agent fee, transfer tax, title and those kind of stuff.