Beware of bedbugs getting on your clothes and you transferring them back to your own home- if you wear a haz mat type suit the renters will feel like something is wrong and feel very uncomfortable- but in some heavily infested situations it might be called for.

Did they tell you that if you put 25% down, that they would do a traditional owner financing with title transfer?

Is it difficult if I purchase a property in my name and then I want to transfer the mortgage over to the LLC will my mortgage company allow that?

He currently has the property set up in a transfer on death deed. 

It's a fast market right now and others on BP have said  that particularly in the south and east coast it can take a couple of months for property transfers to record.  

I do a lot of relocation business with Lockheed as a Realtor®, lots of transfers in and out!

@Bruce Lynn, while I am guessing because I don't know "most" large multifamily, I would say it is very much manager dependent and likely to become more common place as many syndicators are struggling to make their mortgage payments.Ownership companies are still run by people, and people that don't have enough money to pay their bills will start prioritizing who to pay based on the perceived risks of not paying.As for taking over any outstanding bills, that is one of many issues of the common LLC transfer.  

The more property you inspect, the more of an expert you will become in your area.Once you feel comfortable with inspecting properties, learning the right questions to ask, understanding your local market, and HOW to evaluate each potential deal, THEN you will know a good opportunity when you stumble upon it.You can transfer those skills into looking at other markets and will have some clues as to what makes a good deal.

Look for a small/mid size local bank that specializes in this, they will detail what you need, survey, building permit, architectural plans and a builder contracted for starters.Or when you're ready to subdivide/redevelop you just sell to a builder and have them split the lots and transfer title to you for your smaller lot, he keeps the others and let him mess with the utilities and building. 

Legacy Title Agency is putting the top notch screen on these transfers for those investing in the city , however I will also share with you there are several title companies locally that the policies they issue aren't considered "good" by the big underwriters.