5) Do they offer any incentives for owners such as Rent Protection, Damage Assurance, Eviction Assurance, Leasing Guarantees, Pet Guarantees, and Tenant Liability Insurance?

Don't kid yourself, when Goldman Sachs comes out and says to sell X or Y, I guarantee you they are BUYING X and Y hand over fist.

We also offer a 100% money back guarantee on all our properties so that, if an investor is not satisfied with any aspect of their investment within the first year  - returns, tenancy, our team - we'll buy the property back for exactly what they paid.

You're not going to be able to guarantee that....it's all subject to change, legally by the board and unit owners at any given time.

I understand it's not always a guarantee that I will have a tenant, but right now, the house already has a tenant.The way I justify being able to manage not having a tenant for a while is because for a whole year, I went comfortably throwing my money to renting a house.

I guarantee your productivity will almost triple. 

Someone suggested to me to skip setting up the LLC unless we plan to do future deals together and instead just guarantee each person's stake with a lien against the property.  

I satisfy that requirement for less than $50.The guaranteed rent payments are great - direct deposit on the 1st of the month right to your account. 

Then would he just list on the MLS where he's all but guaranteed to get a much better price given how crazy real estate is out here?

LV made the most sense to me because I personally like the neighborhood already and it was the lowest cost of entry with an all-but-guaranteed profit.