The bank has agreed to do a short sale of 189k.

@Kiran AlisamThere is no short cut to this.

My primary thought for involvement with the LLC was to get access to sellers who would not qualify for investor deal, but may be interested in short sale listing (which must be done with the agent for bank to consider it), or some other solution.

I have a remarkably similar experience, I bought my first and got laid off shortly after.  

I am new myself and have learned so much in a few short weeks.

My husband and I are in our first NOMAD home with plans to use this and the conventional way of purchasing several buy and holds, as well as, lease options for some short term options to boost cash for the long term purchases.  

I've since discovered BP and I am currently obsessed with the idea of investing in real estate.

However he is there wrapping up his jobs & my jobs so we won't be ready to start flipping for about 60-75 days.These are my goals / long term / short term situation.  

If you see it on Realtor.com and it is actually listed by an agent, then it is likely a short sale.

Taking the time to expand your knowledge and get involved with different aspects of the real estate industry will pay off in the long run, just don't go into it with a short term mentality and you should be fine.