I am in need of some Legal Strategy, Comments, or even follow up questions regarding this situation I am in.

I am in need of some Legal Strategy, Comments, or even follow up questions regarding this situation I am in.

I'm not quite following your lender's advice here. 

An LLC is only as good as the formalities that are followed in the LLC.

A few tips to get started:Find and connect with other BP members that are in your area.Set up keyword alerts to be notified of the topics that interest you.Read Beginner’s GuideCheck out BP Podcasts which you seem to be doing already ;-)If you'd like to tag someone in the conversation, type @ followed by their name and then select the name of that person that appears below the comments box.

The former landlords were a retired couple who didn't seem to do things by the books so the lease is quite confusing and I'm hoping for some help..The pertinent line item of the lease reads as follows: "Month-to-Month Tenancy: This agreement may be terminated by mutual consent of the parties or by either party giving written notice at least 60 days prior to the end of any monthly period.

First off, let me know when you're in Dallas, I might be able to introduce you to my partner when the time is right ;-)That said I highly recommend using the awesome tools provided here on BP.A few more tips to get started or continue your learning:Find and connect with other BP members that are in your area.Set up keyword alerts to be notified of the topics that interest you.Read Beginner’s Guide.Check out BP Podcasts.Find upcoming real estate events and meetups near you.If you'd like to tag someone in the conversation, type @ followed by their name and then select the name of that person that appears below the comments box.

Now I would follow up with a formal LOI at MY price. 

I wanted to reach out to the REI community at large and run an opportunity by you in hopes to obtain some feedback on the following: overall deal (good/bad), deal structure, and offers).

That advice, that the old rules of valuation no longer apply, is usually followed up with vigor.