Our realtor says that this will protect us.

If you don't get that paperwork and respond properly, you could find yourself having to hire a lawyer to protect your rights.

The LLC protects your personal assets from that of your business. 

While it's not geared to take care of your capital expenditures, it's geared to assist in tenant repairs.

So I would essentially be buying a $75,000 note for $50,000 and be very protected if the land contract buyer defaults because the home is worth $120,000. 

Biggerpockets as a whole is typically geared more towards the mom/pop and new investors.

@Mike Jacovelli while I'm sure that can be discouraging, it might also be a good thing...as long as what you are receiving in genuine concern...People tend to discourage you when they feel like it is protecting you, so maybe spin it around this way: 1) When they voice concerns about the information you're giving them, you can either dismiss it and change the subject (if they are being negative). 2) Do they have any specific concerns that you should actually consider as relevant?

The rent control regulation explicitly indicates that preserving the right to move family in is protected but only if the tenant received notice that the LL was preserving this right.  

Part way through up until now, I have sort of, switched gears to focusing on redeveloping my mindset on how I approach talking to people, dealing with money, negotiation tactics, and financial empowerment.

I'm closing on the 31st so I'm gearing up for any way tenants wants to pay.