He said that I could and should form a "real estate privacy trust" for each rental house, and that the law prohibits due on sale repercussions for moving titles into those entities...Can any of you verify this?

It serves no purpose but to put the Mortgagee in liability for breach of privacy.  

Chris, if it's a fenced yard, SFR, with them having primary yard responsibility, I would give them notice for any time you need to go inside the gate other than knock on the door to collect rent, serve notice, etc, out of respect for their privacy.  

Rental payment historyDepending on what city or state, you might not be able to get items 3 and 4 until you are under contract due to privacy laws.

We respect our tenant’s privacy, and expect tenants to respect the property, neighborhood, and all rules of the rental agreement.

We have exchanged several emails regarding this dispute in the last week; culminating in an email I received a couple days ago stating that they feel I am violating their privacy rights by not adhering to the 10-3 agreement and they threw in some lovely legalese about not having brought the issue up earlier for fear of 'retaliation'!

And here is my BP report here{Moderator:  Removed picture of rent-roll as it contained tenant names which is a breach of their privacy rights}I'm planning to offer $150,000 with 20% down (from my HELOC at 5.5% so i didn't include in the BP analysis) and I think the numbers will support up to $175,000 before its less then $100 a door.

Main reason I wanted to move it into the LLC is to just add a layer of privacy.

The yard needs landscaping help and I can build a two car garage to add additional value and add a privacy fence and it should command a bit more in rent.   

If you'd like additional privacy, look for a home with a downstairs bedroom and bath and the other bedrooms and bath upstairs.