This holds true for realtors, especially contractors (I want one who talks about how he is going to do the job not tell me about how awesome he is when he built this and that and this and that, they talk to much they are snake oil salespeople)

Same thing if there was a short fall and a special assessment was done, would you owe the new owner money since the deficit happened while you owned it?  

Those sales may happen off market between you two, or may have creative terms, but really you're negotiating two separate sale both of which only happen if you both like the terms.

Prepayment penalties- usually 1-5 year terms.

I'm also looking heavily into Laporte, I feel buy and holds in Duneland and rehabs in Laporte are my focus right now.

. - held currently in a single LLC Would I be able to sell 3 properties with financing per year and at some point be holding +12 mortgages ?

They have been long-term tenants, and the prior landlord was apparently chasing the rent quite a bit. 

Ryan, first find out what your local city ordinances are in regards to short term rentals. 

On top of that these markets have done very well in terms of appreciating in the last 5 year (See Memphis 50% increase, See Detroit 100% increase).

Investment Info:Single-family residence buy & hold investment.