I just bought my first investment property last year and am going through the process of transferring ownership to the LLC we formulated.

Before I answer, can you confirm that your costs include holding costs (all utilities), transfer costs on purchase and sale, as well as the cost of the funding for the deal?

Are checks/receipts/proof of payments needed or would transfers be ok?

Make sure you put discount clauses and subordination verbiage in your offer.Use the Installment down payment clause.A Front Porch clause can be used to completely eliminate the down payment requirement.Write in your offer that seller pays all transfer, contributes X-$'s to you at settlement and that you receive all positive escrows if there is a mortgage to be paid off, and the seller agrees to leave stuff in the house or garage - all furniture, the old car in the garage, tools and garden stuff.

GFH is just like a lower version with fewer features that are not sufficient to automate a Short-term rental business.You can also consider using Ownerrez, I'm not trying to run an ad for them right now but Ownerrez is a great PMS, and it has seamless integrations with different rental channels.

I was wondering if when I buy a property at the auction and the right of redemption period is let's say 6 months can I sell the property once I have finished my renovations (fix and flip exit strategy) or do I have to wait until I am in full possession of the property after the redemption period has ended in order to transfer the deed?

This feature would saving time for all of us and shorten the knowledge transfer.

But transferring liabilities could be.

The U.S. is currently in the midst of the greatest transfer of wealth in HISTORY, as Baby Boomers age-out and relinquish their assets to younger generations.The deals are definitely out there!

The seller will obviously hold the debt/note for the existing mortgage while the title gets transferred to me.