Some lender will accept transfer to a single member LLC that you own 100% some won’t.The transfer by itself is made with a warranty (or special warranty) deed as a quit claim may cause title insurance problem.In some state/counties this transfer may trigger transfer tax or reassessment of the property value for taxes.

We have a cooperative occupant who will most likely not cause any damage to the property and they get certainty of outcome and cash.

Unless it is tenant-caused which this is highly unlikely to be.Educate them about their tenant rights. 

If you feel the implications may cause you undue hardship during or after your employment ask them to revise the contract to a more amenable wording.

Hard to say how a leak could cause what you describe.

It is causing sewage issues and we would like to hold them responsible.

I of course have a SD and the lease states that it can be used to repair damage to the property caused by the tenant.

Think deeply about this option @Jimmy Hung 'cause you are here to make money to lose, to build asset, not liability.

Chase and Better.com have caused me nothing but problems and IMO are not worth the interest rate savings. 

The water heater goes out and costs $800 to replace (eight months of income) or a bad tenant causes $2,000 in damages and forces a month of vacancy.