Accept the lower rent and maintain the good tenants for 2 more years of pretty much guaranteed income and no headaches. 

It's no guarantee but it's a good place to start.1.

There's only one thing I can guarantee your pro forma number and that is they will be wrong.

I can nail the lathe to the rafters whereas you cant guarantee the tin will be screwed to the rafters without them.

Alternatively you can do a portfolio or Non-QM loan, these loans are designed to be in the LLC's name but require a personal guarantee.

They knew it would be simple and could walk away with a guaranteed income in the interim and a nice payday once I put a new loan in place.

You should consider that the moment you start a business you will be subject to self employment tax which is something like another 15.6%Are you assuming that owning a rental property automatically implies you will be cash flowing positively because that is something you have to make sure of and there is certainly no guarantee about cash flowing positively.

It's no guarantee but it's a good place to start.1.

Lenders don’t guarantee title.....they just lend money and get title insurance for themselves. 

It's no guarantee but it's a good place to start.1.