They supposedly have a live investigator actually doing some portions of the background checks for you.

That being said, one of the only reason's I'm buying it is because the seller is carrying back a portion, getting me into it for almost nothing, and still having enough cash-flow to pay for me to manage it.  

With an LLC, the portion of the entity's income that is allocated to you just becomes a separate schedule on your taxes, and for me at least, this was better.

In RI you can pro-rate the rent by the habitable portion. 1/2 habitable 1/2 rent.  

For me it is the same as owning a whole property or only a portion of a property.  

If you are planning on buying and holding a good property management company is so VITAL.

Getting the monthly return by having the most professional company representing you is the most vital part and yet most people think of it as an after thought after the property is purchased and then try to make it fit (I know because I did this many times).

Does it get taken from my portion of the funds first as the head of the LLC?

While this may be a small portion of overall sales, when this money is targeted in one specific area, rapid price increases can unfold.

The adult seller went to a judge who allowed the sale of the home, as long as the minor's portion of the sale was put into a trust for him when he is of legal age.