Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues. 

Along these lines, we send out a weekly newsletter to our list, sharing things going on in our market, as well as more macro, in the real estate market and economy.

Quote from @Jake Rauch: Hi what tools, websites do you use to decide on market to invest in?

Here’s a BP blog for more info on this - 9 Vital Questions to Ask When Vetting Your Real Estate Investing TeamTenant SegmentNo property ever paid rent.

@Zach Howard I am working on a how-to book on Creative Financing now (I am the author of BP's book on Mid Term Rentals) because when I was teaching myself I was frustrated at the lack of clear instruction.

A good tax professional can save you more than they charge you. 

You can learn more about that here on a Bigger Pocket Podcasts and here, and here is an article on it too.Much luck!

Regarding the tenants who use the program that too my friend is a mixed bag. screen, screen and screen some more!  

Using your example, you sell Mon for your $155K and have a contract on a new home for $100K two weeks after this one sold.

Your LLC saves you absolutely nothing on taxes, unless you will end up making a killing on this deal or have other juicy deals - and that is a big IF.