If you plan to do this, best to tell your lender so they can document that you own the LLC so title stays the same. 

Don't believe the news as more insurers are moving into Florida now and people are moving to Florida.

They went belly up and now are getting personally sued. someone sent this to me the other day that I posted in another group as well: Document List (state.ny.us) - I will also add I am in note investing and a famous guru who now has around $2M +/- in judgments against them used to have large conferences and would charge for it.

oh wow that's awesome news!

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

If you think you like the opportunity I would then ask for other documents to verify the expenses, including utility bills and Income and Expense statement.

You have to send in documents, wait, get permession, get called/emailed back, THEN get permission to do normal things that take 30 seconds on a normal online bank portal such as a same day wire transfer.  

The key factor is ensuring you have proper documentation to support all the transactions, deductions, and income reported.

The amount you pay in taxes and insurance depends on the rental property value.The good news is that owning rental properties has many tax benefits.

Seller Financed: I don't see any verbiage in the loan document that made me think this is personally guaranteed.