James Wise We pulled the trigger on a property with that exact thought in mind, thanks for the insight!

I just have not pulled the trigger yet.

My best deals have had lots of hair on it.

General administrative things to handle when it comes to a Trust/Estate.A Revocable Living Trust becomes Irrevocable at date of death, thus triggering the possibility of filing a Trust Income Tax Return, IRS Form 1041.

You take a risk which could result in cancellation of your title insurance and complete loss of your real property without compensation in the event that a title issue regarding your real property arises.Contact your title insurance company to determine coverage and if your policy does cover transfers , and when or how.DOS - The transfer most likely will trigger the Due on Sale clause (DOS) - a detailed resource on Due on Sale you might want to read is: the-truth-about-getting-around-due-on-sale-clausesAlso, these threads might be worth reading:386043-bank-called-my-due-on-sale-clause183825-due-on-sale-clause-was-called-by-bank232247-due-on-sale-clauseThen, if you choose to proceed, at least you'll know what you getting into.

I've thought about writing the letter specifically about the back-tax situation, but my intuition is this will probably trigger negative emotion.

My friend @Dan Barli is correct that you need to be aware of the fact that these transfers can trigger the due-on-sale clause.

Once you find a PM you like (and go ahead and ask to see the contract you'd be signing before you pull the trigger) you can just do the math of their fees vs how often you'd pay them and tack that onto their annual fee to get a realistic idea of that expense.

It’s investing but many never pull the trigger.

Meaning that the multifamily must go into my personal name.If I quitclaim the property to the LLC after closing escrow on a commercial loan, I have heard such action could trigger a “due on sale” clause whereby my total loan amount could become due and/or I could be required to pay a prepayment penalty.Without the LLC, my tax structure is less favorable and I am exposed to personal liability.Any guidance on this situation?