55-unit LLC assignment // creative ideas?

[Swat Khan]

Hey Creative BP'ers! We are in the process of buying an apartment building where the owner has agreed to assign the LLC ownership to save on closing costs. (I did this on my last 25-unit and closing costs were only $800, it did not trigger a sale and owner financed). 1. Are there any creative strategies we can apply at closing for the LLC that was established in 2005? 2. Are there any obstacles that we may face by not creating a new LLC and taking over the existing LLC? 3. Has anyone created a business line of credit against an LLC they assumed ownership? Or is it no different than just creating a new LLC? Thanks in advance for the help!