Could you set aside 50k for that purpose and invest the remaining 100k out of state?

Once he explained to me what this rule ( guideline was) at that point I realized its a regional thing and as stated for all intense and purposes only applies to low end rentals.Further I postulated that if investors that are in the Know IE educated on BP and have this guideline in mind that values will remain static in those markets as the PRO"S will certainly only buy under those metric's and rents by and large are static in those particular asset class.  

Again, this is for estimating purposes only.

You would act simply as an investor and promoter. 

If the LLC is a single member LLC, the IRS considers it a "disregarded entity" for tax purposes, and so it's return is just a part of the single member's personal return.

Is it worth it for this purpose?

You have no cash reserve, and would even be relying on the cash flow for other purposes.  

It looks like your primary method of communication is via your website, so promote that.  

One purpose is asset/lawsuit protection.  

As far as I know, for the purpose of any kind of loan, the lenders rule is 2-2&2 meaning they require two recent paystubs, 2 W-2 Forms and 2 months of bank statements.