Hi everybody, I have become close with a seller who is looking to sell the rest of his portfolio to me and is willing to work with me on the terms.He will make it so the properties will at least brake even on the cash...

It caters to various loan structures and offers cloud-based access for on-the-go management.

Really hope someone can give clarity or at least share what they did when setting up their structure.

I suggest you evaluate rental comps to see how much you can cash flow as a long term rental - either with the current loan structure or if you took an additional HELOC.

I am looking for any input on how to structure this deal and make both sides feel comfortable with the amounts.

This depends on how the deal is structured and what rights and responsibilities you retain vs what you transfer to your current tenant.

I wouldn't spend more than two sentences rejecting them. 2 sentences isn't necessary.

Please be gentle; I'm new at this and it's pretty complex :)Structure / Legal Details- we'd establish market value through a combination of comps from local real estate agent and an appraisal- attorney would establish all required "arms length" aspects including a mortgage at a minimum standard federal rate- LLC would pay us back based on a standard promissory note over 30 yrs Pros of selling to the LLC (I think)- A sale now would be the only time we'd be able to take advantage of the cap gains exclusion on this house bc we won't qualify for the "live there 3 of 5 years" rule due to the timing of our lease and our last time of residence. 

OR you can make money when you buy with properly structured financing.

That will determine the amount of effort you put into your business structure.