If your LLC is a single entity pass through - which means that all activity of the LLC is reported on your personal tax return then the IRS disregards the LLC and looks to you as the tax payer for that property anyway.  

duplicate post - please disregard

When i created it, it defaulted as a disregarded sole proprietorship.

He would still need grounds for the eviction, which is a lot easier if there is something stated in his roommate agreement that the roommate is specifically disregarding.  

Don't just sit back and say 'this can never pass' and disregard it.  

Please disregard this post.

If you are already working with a broker please disregard my ad".

Your assumption about the NOI disregards vacancy, which while it is currently occupied, will eventually become unoccupied and you will spend 1-2 months touching up interior and re-renting.

If it was me, I would open a joint LLC there may be better tax benefits since you won't be considered a disregarded entity and when you are both interested in getting your own LLC then open it. 

Otherwise, you just may have to disregard the rental income and prove you're otherwise qualified to take on the mortgage of another home.