Sometimes meaning doesn't convey properly in the written word.

The deed conveying title to the trust is step 1.

Regardless of what many on the BP forums will tell you, you cannot transfer the property from your own names into an LLC if you have mortgage financing.That is called a fraudulent conveyance under the terms of your mortgage loan, and if you ever get taken to court by your lender you can be charged with attempted mortgage fraud.

If there is a mortgage or any liens on the house then you will be the new owner of those liens and the lender on the mortgage will have the right to foreclose because it was a fraudulent conveyance.

What I was trying to convey is, that it changed my plans of leaving my W2 a couple years earlier, and the fact that some may not pay rent.

There's much more drama than that one sentence conveys, so if you'd like me to share more of the story, I'd love to talk.

You can always ask and should always ask if you are not comfortable with the price and want to convey that to the seller.

But as a general rule, most purchase agreements will convey fee simple title.

Good luck explaining why you don't have one (and when the prior conveyance was out of trusts, they will ask).

If it's 'non-redeemable' you pay the taxes and ownership of the property is conveyed to you via a grant deed I believe.