I need so much help figuring the business side out, then how do I transfer the title into the LLC of course.

We then moved the borrower to another channel that allows a variance AND an appraisal transfer, so they did not have to pay for another appraisal.

What I suspect is that you "inherited it" but that when you transferred title into your name the deed showed $1 because that is allowed for close family transfers and avoids state transfer tax aka tax stamps on the sale.

The quick turnaround required precise coordination and efficient execution, highlighting the importance of strategic planning.

However, they include "bad boy" carve-outs that trigger full recourse if the borrower commits certain bad acts like fraud or voluntary bankruptcy filing.Abandonment may constitute default: If the GP abandons or surrenders control of the property during foreclosure, it could be considered an unpermitted transfer that violates the loan agreement and triggers the guarantor's full recourse liability for the unpaid loan balance.

As for selling with 10% down at 8% interest, you now have two title transfers that violate the due on sale clause and add complications to subject to “safeguards” that reduce risk if note is accelerated, if party in possession doesn’t pay taxes or insurance, and of triggering whatever system the lender has set up to notify them when a deed transfer takes place. 

The quick turnaround required precise coordination and efficient execution, highlighting the importance of strategic planning.

Make sure you have copies of the leases and applications, and that you get the security deposits transferred over to you at closing, and the rents collected for the closing months should also be prorated and credited to you.  

Coordinating contractors and staying on schedule were key challenges.

My question for you is about forming an LLC and transfering title of a property into that LLC.