An LLC May be a correct choice down the road but right now your LLC won’t be owning the property.

An attorney attempted to arrange a loan modification, and advised my mother to stop paying the mortgage payments.One thing I did understand correctly was the gentrifying trend of the neighborhood, and the house has since appreciated in value to around 890K(adjusted comps analysis).  

Not only will this put more money in your pocket, but depending on your goals, you can paydown the debt far faster with this method.

Originally posted by @Russell Brazil:Every state except Texas (I think) sales price is public record.I don't know about the other 49 states, but you are 100% correct, Texas is a non disclosure state on sales price for property. 

That’s not the case, correct?

Some method of owner financing?

If it's a deal with everything correctly factored into the calculations, why not invest in Texas? 

I just recently moved to Los Angeles and was planning on doing this method later this year with some kind of Multi-Family property (2 - 4 units). 

Karen,My expert contact in this space corrected me saying anything at $500K and above could work. 

First off, you have the most awesome first name on the planet and you even spell it correctly!