Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Even if you have an arbitration agreement there are avenues of attack. 

in general arbitrators will meet in the middle regardless of the strength of either side’s case- what is the maximum on a small claims action in your jurisdiction?

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

I don't have a problem with reasonable protections for tenants from slumlords but those should always be arbitrated by either a court, or maybe an extrajudicial body to free up the courts and hear issues. 

The legitimacy of the contract probably only really matters if you have to go to court/arbitration to enforce it.That said, your title company would be a good place to start in terms of getting a legal review, I'm sure they have a real estate lawyer(s) on staff or retainer depending on the state.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Best suggestion is that both agree to professional meditation or better yet arbitration.  

Details Arbitration deal w/option to close whenever within 6 years at the pre-agreed purchase price.

When they cannot remove the tenants they can’t fix the units.It is also an overreach, what the city could start with is helping the landlords deal with their tenants, perhaps starting some sort of arbitration system.