You might get $1-2/SF if you find the right buyer.

I buy houses by taking over the loan and sell to Tenant Buyers who give me (big, as in $25k) money to move in.

Don't like to be debbie downer but i think the market will end up being a "buyers market" I don't like to say there's isn't any deals out there but for me as a newbie to investing I don't want to own something just to say I own and lease a property with less than 6% ROI I want to be in the 10% at least.

In the state of MD, if a property sits inside an LLC on its own and the buyer buys the membership of the LLC instead of buying the property directly, there is no recordation tax. 

What will suck is if he builds a house on it and tries to sell it and when the buyer does a title search they realize he owes a bank $71k + late fees etc etc.Can they go after him personally if they foreclose - it is my understanding they cannot (not an attorney) as they can only take back the property.

I was representing a buyer who was buying his listing.

If so, do I “assign” the “tenant/buyer” LOA to the “home owner” or is it the other way?

I've had buyers do this on multiple occasions. 

First, our winters here in Boston can be rough - and tenants can be very sensitive to issues due to lack of insulation (cold spots and drafts) Second - big picture you may not have this property forever and will need to insulate before selling because that will impact how a potential buyer will value the home.

I remember an old thread where the buyer got like a duplex on seller financing.