I really would love to help them in this time (Assuming medical bills are adding up), however I'm having a hard time communicating with them and I feel that my landlord's wife is overwhelmed with caring for her ill husband at her age (Which is completely understandable).Ultimately I can do what's best for me, get a lease signed to protect myself in case of a passing.

Available from one license user to 30 users.We have a commercial property management client switched to QuickBooks Enterprise managing over 20000 tenants.

PMI protects the lender ... the loan and if you default, the lender gets the benefits.Previously, once your LTV was less that 80%, it was possible to apply to have pmi removed, but many loans today run forever and the only way out is to refi (and they get you for fees again).

We are a very consumer protected state.I would say if it is permit type work, pull the permits.

In fact, more companies are choosing to close in an LLC to avoid the laws that protect individuals. 

It's my experience if a tenant howls loud and long enough and they were reasonable good tenants, we would let items go that might be difficult to prove like switch plate, light bulbs, burner pans (surprised they're charging for that as they almost always have burn marks).One thing that stands out is they did not make the proper effort to repair the roof. 

Are there any agreements or templates available to help protect me when handing over the other portion of the amount thats needed for 20% of the purchase price?

Because an LLC protects the members from liability, you're not going to get financing completely in the name of the LLC.

As far as putting the property in a LLC, I thought it would make sense to protect myself from as much liability as possible.

I would have it done with a permit for your protection.