You don't transfer the Deed, you write a contract whereby they will get a Deed once they pay off the loan.

Knows real estate tax write-offs and how I can best apply them!

Give you a cool place to visit (and potentially write off).

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.  

If it was me, I'd look at it this way:1) Paperwork: I can hire an attorney at an hourly rate to write up a purchase contract, etc. 

Quote from @Theresa Harris: Get it in writing, change the locks, get the place listed and find new tenants. 

Buffalo changes very quickly block to block (not just ZIP by ZIP) and it is crucial that you understand this prior to writing any checks. 

Whenever you hear something that sounds useful, WRITE IT DOWN.

Quote from @Matt Levine: Hey @Benjamin Carver, thanks for the write up.