If there are no comps I would predict an appraisal problem which will lilely lead to a forced price reduction when it is under contract.

I should add that I am in California, but if you follow the rules and read the contracts (and have an assist from a legal team), its not that bad.

They were a bit surprised when I told them I would NOT provide payoff and that the contract was invalid.

Or should my tenants make all payments and contract with the LLC A that holds the property and then I subsequently make draws out of there.  2-If i were to raise money under the traditional GP/LP and the GP would be a newly created LLC that I wholly own and I also wanted an equity interest using one of the LPs, should the LP interest be owned by a parent company (Parent Entity LLC) or is it individually myself? 

I am under contract for a bundle of 3 condos.  2 rent for  $750.  

If you have a full mgt. contract, they most likely will make the decision in placing.

Or do you contract with a GC instead?

I'm sure that she'll be less than happy, but I think I'm best served at this point by sticking with the original contract. 

Does RM still have the county contract?

If your budget allows it, contract out stuff and get the house done as quickly as possible.