If I go the individual route, I at least have good credit and at least could get 30 @ 5% (will probably at least get one more quote).

Does anyone know if either auction sites or individual counties keep a log of the homes that were bought?

Your thoughts please on this being a bad or good scenario.2 br /2ba Townhomes currently owned individually with both owners interested in selling for individual reasons.. at about 70k each.

@David Sanford As you mentioned you will have turnover and repairs, but on the flip side you can achieve higher rents because it is possible to rent out rooms individually and you should have a steady stream of potential tenants with each new semester/year. 

My guess is that no more homes could be added as they are individual lots.

or since the LLC is a pass through entity, does it mean the individual who pays the tax?

Even if we have the 10% rent increase this year and the 8.5% rent increase next year as projected, your rents won't even crack $1,800 and you'll be in the whole for years to come.Be Careful of HOA -- Even if the HOA is rental friendly now, all it takes is a change in leadership or a new guy elected to the board with something to prove that completely changes that.

., individually are unknown and cannot be ascertained after diligent search and inquiry so that the ordinary process of law cannot be served upon them.

My question is, do I need to sign and close on them individually or is their another option I'm unaware of?

I am assuming that the old rent and damages exceed the deposit so it is very unlikely that you will never hear from this individual again and just be thankful that you did not have to evict him.