That law provides exemptions from enforcement of acceleration clauses including transfers on death and transfers to trusts.I would recommend that you request approval from your lender and expect that most if not all will agree as their collateral is really not being undermined since you are still on the mortgage personally, not the LLC. 

I view networking and relationships as being the basis for staying in the game long term. 

I’m new to this game, curious if 15k$ is too little capital to begin investing into real estate (any type).

They have more skin in the game then you do.Make sure you get clear title.

Hi John,Late fees are still enforceable - you just cannot evict on them or get a judgement through an Unlawful Detainer beyond the worthless $75.

I'm also dubious that a lease clause would even be enforceable. 

that is awesome mate getting into the game this early in life is an adventage on its own mate. to help answer your questions?

The way I see it your partner scenario could have an advantage over a property manager because they have more skin in the game. 

The Tacoma property managers that I talk with still seem to indicate that they are able to enforce leases and, if necessary, have a tenant evicted in roughly 45 days for non-pay which is surprisingly on par with several of the midwestern states you’d expect to be “landlord friendly.”

JV with them.All HML want some type of skin in the game.