Essentially you could lose the (limited) benefits you get from the LLC.

Since you're a newbie w/ a real estate license, good credit and a small amount of cash, you should consider:hang your license w/ a broker that specializes working w/ investorsbecome a master @ learning how to use tools available to realtors that are not available to the general public to source and analyze opportunitiesfind experienced investors looking for deals and partner up to learnfind an investor w/ cash but bad or no credit and partner up on a deal where you can leverage your credit and their cashthe last bullet applies on any strategy.  

@Eric L stone I would used storage as a retention tool and possibly increasing rent.Frank

Are there any search engines, skip tracing tools, websites etc. out there, hopefully free, for use in getting the valid contact information (phones, email etc.) of vacant property owners?

By teaming up with me, they are able to carry around 12 properties each, and move them through the various stages of repair and flip.Since I finance 100% of the purchase and repair price for them, they essentially have zero money vested in the inventory, which equates to an infinite rate of return on their labor-only investment.  

So I would essentially end up with 3 rental properties from this deal. 

This method or tool will allow us to place a resident in the property who for whatever reason can't qualify for traditional financing yet, but would like to enjoy ALL the Rights of Ownership yet avoid all the inherent dangers of Seller Financing Schemes such as Sub-to, CFD, AITD, Lease Purchase, Lease Options, etc.

Essentially you should be living there for free.4.

For simplicity, I would suggest using the BP deal analysis tool unless you have something else built to help you understand what numbers you NEED to look at before you KNOW you have a good deal.I will say that initially the numbers that you provided do have potential, but without the rest of the picture It's hard to say.  

Your post is 5 words long with 0 punctuation, and essentially a solicitation of anyone who lives in New York state and have invested at some point.