We then use an internal 3 comp approach for residential properties, an income approach on commercial properties, and a hybrid approach on farms.

the Mgt LLC becomes the landlord, and the Title holding entity is basically fallow (except annual funds transfers since the Mgt LLC has to payout to its client sometime for a legality I think).LLC's have employees. 

Unfortunately, the registration system wasn’t quite finished, and we didn’t feel comfortable launching it before having a chance to test it internally.

The differences are these:1 - Equity is dead until you access it, when it becomes cash...the same cash that you originally had before you transferred it into equity. 

Im mexican, I have been working with some International Investors.

Box; rent can only be paid by bank deposit.For your convenience, the nearest location to your home is 123 Main Street, (City), or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at (your business number), or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.Sincerely,(you)

It separates the liability.I'm not sure what you are getting at with "If it goes well, the home title can be transferred to an LLC." 

And he doesn't answer my international calls anymore (when I get brave enough to try), I don't know if he's getting texts. 

I'm considering assuming this mortgage, either "subject to" or by transferring the property into a trust, where I would then buy a majority share and cover the remaining balance in cash.The complication arises from the fact that this existing mortgage is a VA loan.

Whilst legally this should trigger the sale purchase clause and put you in breach of contract, both of them admitted that the transfer is a common occurrence and not a big deal.