Side-bar: The concept of the LLC was formed so that investors could pool money together similar to stock holders of a corporation and create and entity that survives any single member, so that the business doesn't have to dissolve if one of the partners wants to sell or dies. 

A 10 lb Chihuahua can do more damage than a 100 lb lab.....and visa versa.

@Beth Johnson Can you clarify:  as a 2nd lien holder initiating a foreclosure, you sometimes don't payoff the 1st lien? 

If your current mortgage holder will do it they can remain in first position.

A full roll of toilet paper on the holder with one extra roll. 

Many of these techniques started by generating a list of mortgage owners, then filtering through to find desired applicants (region, age, type of building, date purchased, etc...).My question is this: Where may I find such information about mortgage holders in my region?

Do they have an ITIN instead or are they a foreign student here to study on a student's visa?

Like @Richard Elvin said, call your mortgage holder and see what they say.I will say that an LLC isn't a foolproof way to protect yourself.

Given that the contractor will get most of the profit.The reason I thought of this strategy is that I am on H1B visa, and I am not allowed to do active work besides my current W2 job who sponsored my working visa.

@Tracy LeClairOf course, consulta qualified professional or two..If you place a contract between yourselves as the Title holders and your mgt LLC, then the lease should be in the name of the mgt LLC.