The DIL has language where the previous owner asserts that they are solvent, etc. but I know a bankruptcy trustee would look to this transaction first as a way to clawback funds.

Call the RE Commission and ask them, they may give you the answer.This will vary state by state and even to local custom, you may find yourself in an eviction and be told to get an attorney when your LLC holds title as it is a separate entity from you.Brokering or management may not always require consideration or compensation, and obviously there would be as you must keep the business entity solvent and pay its expenses.

You also need to keep entities solvent, they must be reasonably funded as to the scope and purpose of business conducted or expected, that can be significant for a real estate operation.Many have a false sense of security operating behind an entity, financial and legal compliance does not change at all based on any structure of an entity.

Yes;  you are well solvent and servicing the loan perfectly well.  

Way faster than waiting for solvent and glue to dry on CPVC.

If you've got one, maybe two, folks involved in the estate, OF/LO can be an attractive option if all heirs are currently solvent and don't really NEED a lump sum of cash.  

Having to put 20% will keep a lot of investors solvent in down times.  

I doubt by the time we retire they would even be solvent. 

It's not owning the property.Hope your seller remains solvent and not sued so his property doesn't get a new lien against it while you're making all those principal payments.  

There are 13 private Home Owners Insurance companies in Florida and none of them are Solvent.