From my understanding, LLC's and Corporations have different tax requirements.I'd prefer to avoid both downtrodden and luxury real estate. 

In the past, I have bought non-rented properties and when I found a renter, would use my preferred PM company.

Sounds so wrong to pay off a bad tenant to leave but is probably 5 times cheaper than booting them the hard way only to find your assets destroyed.  

Do you prefer to A. prefer to pay themB. roll them into loan (if that is available commercial loan example)

Every case would be unique but some new entity would probably acquire the assets of the company including lease contracts during bankruptcy proceedings/dissolution of the company, and the new entity might continue servicing it but who knows.

It depends on the asset class.

Chris, If a multiple owner LLC is using a key principal's funds and financial strength for the acquisition of a multifamily asset, are you saying that remaining LLC owner's financials are not considered?

In today's market, I would have a hard time believing that you can buy an asset and conservatively model those returns. 

Do you know of any good resources that you prefer that may give more detail about lease option assignments? 

LOTS of people get down payment gifts from family, and LOTS of lenders & borrowers prefer that gift funds go directly to escrow to keep the paperwork a little lighter (one less round of "source this deposit" and bank statements and transaction histories).