You could transfer the property into the Land Trust (excluded transfer thanks to the St Germain Act, since the trust is considered an Inter Vivos Trust [estate planning tool]) and assign the LLC as a beneficiary.

An accredited investor is someone with a network of $1m+ excluding their principal place of residence or someone whose income was $200k+ single ($300k household) in each of the last 2 years and expects to maintain a similar level of income going forwards.Hope this helps.

It's renting 4200 per month(tenants pay all utilities) so net $1,032 net profit per month(excluding maintenance cost). 

Typically, expenses are 50% of the income, or a little less, excluding debt service/mortgage. 

I hang my license with a brokerage where I pay $70 a month and no commission split (~$400-$500 for E&O per close), adds up to maybe $1500 a year for everything excluding E&O but that would just be deducted from profits.

Things that would exclude it from being a long term are having a "wet bar" type sink instead of a typical kitchen sink, no stove present, small fridge, etc. 

Not knowing specifics or geographic location or power needs for this home and using basic code requirements a total rewire for a 2700 sf home with new hardware and trim excluding a new service would run somewhere in the neighborhood of $25,000, this does not include the repair to exterior surfaces that would be required to “chase” wires across beams and studs.

If the statistic is only single family homes, excluding foreclosures, then you will get a different number versus including foreclosures.

Say you think a property can generate 30,000 in net operating income (NOI = Rev - Expense excluding debt service).

A car may also be excluded as well as tools of a trade needed to earn a living.If you really need to know the facts in this specific case, check the bankruptcy filing.