That would result in both a transfer of cash and associated journal entries.If my LLC doesn't have a bank account and I've been tracking its assets in my accounting ledgers only, moving money for the sake of moving money would seem strange (and suspicious). 

You just need the knowledge or rely on those with the knowledge - proven knowledge.Thus, my comment of:  This is why you must vet the law and title office you are closing with to make sure they know how to handle these transactions.  

The hard money lender I worked with was instrumental in closing quickly, and I partnered with a fantastic general contractor who helped me stay on track despite the challenges.

The hard money lender I worked with was instrumental in closing quickly, and I partnered with a fantastic general contractor who helped me stay on track despite the challenges.

Can anyone recommend some companies with a track record like Praxis?

Regular schedule updates should be completed to track the progress vs. the baseline agreed upon schedule.

Only thing is it won't be easy to track especially if you have a 10 unit and all the rents are all $450 a month. 

Even if you have a good framework, it's much harder to manage virtually and stay on track.

You're on the right track!

. ;-) I've bought a couple of probates but I found them driving for dollars (unkempt properties) and then tracked down the status.