Presuming not your deal, or employee of the sponsor; what other active role (other than raise $) will you have in the deal?

This is the part a lot of newer investors miss, but if you find a good neighborhood where very few properties trade then there won't be a market for you to find (or even know how to evaluate) a "good" deal. 

After the purchase, Thorpe created 3917 Densmore LLC and established Walters, a Northlake employee, as the sole member of the new corporation, claiming that Walters was the homeowner, and that he intended to live in the home.During parts of the investigation Walters and Thorpe shifted responsibility from LLC to LLC and from person to person.

I think the best analogy is to treat them like employees and here is why: you treat good employees well, they are very valuable to your business.

So, we are somewhat covered.My employer has an Employee Assistance Program that includes some legal help.

Haven’t had a call to them from tenants yet so hard to evaluate.

A licensed general contractor or engineer should be consulted to evaluate the wood flooring structures as well as the crawl space ventilation in regards to the moisture and damage concerns.

Texas and Oklahoma clearly states that an LCC's employee do not need a license to do what a RE agent does.

., those one's are going to be more prevalent and likely inappropriately evaluated.

But to sell based on how businesses are evaluated doesn't make sense.