There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I hope more lawsuits will be filed. 

When you build a relationship and use a Banker time and time again they know your file, credit, and can determine what program would be best for the next step or cash out refinance.

For Los Angeles County residents affected by the wildfires, this could mean an extension of deadlines for filing returns and paying taxes.

You could try filing a case/judgement against them but I’m guessing they ar leaving the area to screw over the next MTR landlord.

I don't know where you live, but it is likely that the reverse mortgage company (or whomever owns it) will file for eviction so that they can recoup the money they invested in the deal.  

I also heard horrible stories that if you don't file it right, it will take months to evict a tenant, etc.

Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck 

I have an LLC do I need to file this form to the IRS? 

If your interested I have posted the link below https://drive.google.com/file/d/1Ie7LRwcDVFbzSc4lcj3owGVrJWso39yT/view?