Your post is titled, How fast can I get this person out.

Do a title search on the property making sure it is on the Up and up.

I found these videos from CrowdCheck's site yesterday and they're some of the best material I have found on the net about the tradeoffs and balancing that is going on with the current rules.

Title III Decoded...

Our spam system is pretty sensitive, and it's usually from sending posts that are too similar (like, identical) Hope that helps! 

But saying I choose to own the property in my name, how do I title (the main heading) the documents that you give to tenants, advertise the property, etc.

Any lawyer or title company familiar with Texas can make sure the transactions are handled properly.

There is no need for the note between you and the LLC, if you own the LLC you are simply putting money from your right pocket into your left pocket.Also something else to note here: if you are intending using leverage (buying properties with financing), you would have to buy them in your name first and then transfer the title into the LLC - no one likely will lend to your LLC.Hope this helps.

As a note holder you are not entitle to the title of the real property, you are entitle to the amounts due under the note, that is all.

Or do I obtain title and then just satisfy the mortgage for the borrower?

AFFIDAVIT OF OCCUPANCYApplicant(s) hereby certify and acknowledge that, upon taking title to the real property described above, their occupancy status will be as follows:Primary Residence - Applicant(s)shall occupy, establish, and use the Property as Applicant(s) principal residence within 60 days after closing and shall continue to occupy the Property as Applicant(s) principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower’s control.That should clear some things up, good luck.