When you bought the property, that month-to-month tenancy transferred to you.

BTW I can already fund a Roth IRA as well on top of any 401k contributions and then transfer that money to another account.

Well our first couple weeks have quite interesting ...but our focus has been on the exterior siding, getting a part time manager, and getting utilities transferred.

I perceive the future inability to refinance commercial debt as a greater risk in terms of loosing my buildings.Some people will probably just tell you to buy in your own name and transfer to the LLC; that they've never heard of a note being called. 

Fixed rate residential mortgages can't do that anymore as long as you're current and don't do a shady sale or transfer.  

The transfer is near instantaneous.

If he is behind on payments he cannot sell you the house / transfer title to you.

We thought we were following the correct steps by using our LLC to purchase the property, but should we have purchased it in our names and then transferred it to the LLC?

The money in weed, just like the easy money in crypto currencies, has already passed by...

There is no automatic transfer of 100% to the surviving spouse-There is a will and she as the surviving spouse owns 100%.