Esusu), so doesn't help landlords prevent delinquencies and recover debts. 

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

My wife and I both as members of the LLC solely for the purpose that the loan and title are under both of our names so when transferring this property over from personal to the LLC I am trying mainly to prevent the property from technically changing ownership and “uncapping” its value for property tax purposes. 

If that is your primary focus it could convolute thinking and force unnecessary errors, in an already error prone business with a very high failure rate.

It's better to work with a trusted, reliable, broker that does this day in and day out for a living than to go at it alone and take an unnecessary risk. 

Do you perform regular preventative maintenance to avoid emergencies or are you more reactive?

Many alternative lenders have internal guidelines that prevent against lending on assets with any commercial components.

Being non-TRID removes all the unnecessary, redundant paperwork and time restrictions. 

No one mentioned this as a factor, but I assume this would severely limit/prevent me from deducting anything other than depreciation?

I basically started:​This subsection does not prevent a landlord or tenant from recovering cost or attorney fees under a court order under requirements ch 799 or 814."