You’ve made a great point about checking the borrower’s track record on completed projects.

In most municipalities you will still be required to pay transfer taxes equal to the properties assessed value even if the property is transferred for a nominal amount plus deed prep and recording fees.

My second slow season I decided not to rent it out because the propane bill to heat the home wasn’t worth the hassle, this last slow season was record snow and many homes lost power and heat for several days, it was categorized as a natural disaster.

I'm familiar with a few areas more east that perform very well and there are some active vacation rentals with healthy income records on the market there as well.

There are a number of small fee with purchases and sales such as deed prep, recording fees, etc but they are small and pretty incidental.

They turned the properties back around in record time and have overall just been great to work with.

What is the process like to change Cuyahoga County records?

They can:1) Put language in their agreements allowing them to place liens2) Some counties allow a purchase contract to be recorded as a lien3) Most though, do it borderline illegally

If you want to talk and get help, start by accepting my invite to a recorded and live Zoom so you can try to say your piece rationally.

But I can still use an FHA loan and then transfer the property for $1 to obtain maximum protections of an LLC with maximum leverage.They are told this can trigger due on sale clause and will still will be paying transfer taxes based on the properties assessed value + deed prep, recording and misc. title expenses.