Am I correct to assume this is very similar to seller financing however without title transfer since there's underlying debt he doesn't want to trigger due on sale clause?

excuse the formatting, didn't transfer over from Word correctly, but you get the idea.....

Even if they can see you used to own a property, when properly transferred it will look like it was sold to investors.

You can have an attorney do a quit claim deed to transfer your property into an LLC. 

This applies to all transfers by foreign taxpayers – whether by sale, exchange, liquidation, redemption, gift, or otherwise.

Hello,Does anyone have recommendations for an attorney to help with LLC formation and deed transfer for a rental in Orlando, FL?

If you hold it in your name, you can always move it later, you just need to ensure you don't have a transfer tax associated.

Hello,Does anyone have recommendations for an attorney to help with LLC formation and deed transfer for a rental in Orlando, FL?

I'm not sure if there is such a deal structure or even the risks involved if engineered,  but the idea would be that the title doesn't really transfer / and a final balloon payment isn't made until after the property actually transfers to the children.   

I’m calling them to see what’s the process of title transfer and to just to make sure there are no other liens on the house.