Are you looking to do additional projects like this in other cities/states?

Your ad should require "proof of income" not proof of employment.

That's an ADDITIONAL capitol investment made. 

For example: A small town has a large employer close down.

However if you had done a warranty deed (or a special warranty deed if you still have a mortgage on it) instead, your LLC has a claim against you for the issue on the title, and you in turn can go back to your initial title insurance to fix it.Some title insurance will allow to transfer the coverage to an LLC that you own 100%, but not all of them do or they may require an additional fee.

We have been working to be extremely conservative with our estimates but with this being our first go at this, any additional expertise is greatly appreciated! 

Additionally, I collect a $3900 - $5900 option fee which helps lower the amount that I personally leave into the property and if there is a turn over and the tenant buyer doesn't exercise the option, and there needs to be repairs made to turn the property over, I usually recoup the cost of those repairs with the next option fee of $3900 - $5900 from the next tenant buyer. 

I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .

After some additional research we have decided to focus on the aforementioned markets, but I will keep you in mind if we decide to look at Columbus more closely in the future. 

What I found was, yes it was nice have additional income, but each project seemed to always interfere.