@Charles McCabe is on the right track.An LLC, particularly a single member LLC, is a disregarded entity, so the first issue is that you are doing business with yourself. 

If someone chimes in and says that this isn’t feasible up there then by all means disregard.  

This goes a long way, but obviously there are certain tenants who completely disregard it.

I would disregard the answers from the East Coast and the West Coast.

@Anthony MurphyI must have misread your post as saying Mexico Beach and I just reread it and realized you weren’t talking about my home town of Mexico Beach, FL Please disregard my responses above as I was referring to my home town. ;)

Also for tax reporting purposes, the LLC is disregarded and it goes on your Sch E. 

I would make sure to get payment history from each, and also discount, or even in some cases disregard newly occupied units, especially if they have poor payment history.

Second, you have completely disregarded the value of mortgage principal pay-down in your "how long till they earned more than they paid".

Whether or not the transaction will be respected depends on how the LLC is tax...e.g. disregarded entity, partnership, S Corp, etc.It's a valid strategy to sell the raw law to a development entity. 

But, being the crackerjack sales guy you are, you follow gurus on here executing contracts as if you are buying the place with only two thoughts in your mind, how much you might make and how to save you lying azz with a bunch of mickey mouse exit clauses and there is a total disregard for the owner and the position you put them in.So, you contract then you go beat the bushes trying to sell the place, besides your approaches of advertising the property as if you owned it and putting your sign in the yard which is flat out illegal, you just ignore the inconvenient truth and keep marketing the property, bring in your "partners" to approve your scammy little deal.Okay, now, you failed to locate a buyer, your contract time ran out, you bail out and walk away.Where is that homeowner now?