Real Estate has always been a strong interest for each of us, but other than purchasing our primary residences, no experience as investors.

This is on you, Its probably just the capacitor, $250 so do not sweat it  , no pun intended 

@Ian Tyndall there is no such thing as “STR REPS Status” to be clear.https://www.biggerpockets.com/forums/530/topics/1056436-clearing-up-confusion-on-tax-treatment-of-short-term-rentals

Quote from @Sushma Annaiah: As of now started looking at sfh and looking for cash flow .i will be taking mortgage and also planning to go with property management SFH + cash flow + property management will not compute in many areas right now, especially if you want something that is in great shape with no cap ex.

I understand that an advantage of note ownership is that its typically viewed as a more passive investment (no 3am toilet phone calls) and that is what attracts me to this concept. 

Really great intrest rates, 0% down payment, no PMI insurance, no appraisal, no inspections. 

Now that there is no overhead cost of the mortgage, how much should I charge my tenants?

They say the issue is escalated but we don't get a clear answer, no ETA.

No need to transfer title to LLC?

There is no standard form, but the notice should clearly state your intent to terminate their tenancy and the move-out date.