I’m contacted multiple times a week by individuals who buy lousy real estate in Philly and I hear “ but the agent told me” or “the wholesaler promised me” it was a legal use…the rents would increase…..I could rent this section 8 and achieve xyz rent etc. etc.  

First determine what your legal requirements are.

Is it as simple as signing paper work to transfer it or does she have to legally sell it to my LLC and if so what would we be looking at as far as being taxed on it?

I'd speak to legal and have them outline the state's laws.

Not giving legal advice, but moving out before the lease expires does not mean you forfeit the security deposit.

Hi everyone,I'm going to be building a portfolio in Kansas City and at the start, the properties will be multi family targeted at MTRs.Does anyone have recommendations for legal counsel / prep on contracting for those? 

The allocation can affect property taxes and legal responsibilities.

If your LTV changes from say 70 LTV to 80 LTV or even from 79 LTV to 81 LTV it can put you into a different interest rate pricing bracket and change the cost of rate.3) Changing vesting at the last minute to an LLC can require a last minute legal review.Now all that to say, there are definitely junk fees and other last-minute nonsense that gets added so lookout for those. 

. 💡4️⃣ General Tips: If you're partnering out of state, legal agreements are a must.

I know you guys might not be authorized to give out legal advice but I figure it would be best to get opinions from those really doing it.