Make sure at this point, you let the title company know if you want a check or a wire transfer for your profit.

One key factor to confirm is whether the STR permit is transferable, as regulations can change.

Example, I have a client who recently transferred the reigns to generation 4, yes 4, of running the family REI Trust. 

There is nothing magical about RE and nothing is secret.. the only thing I see that has really changed is how information is disseminated and transferred out to the public..

LLCs are a legal tool, not a tax one.Transfer from personal name to LLC/Due On Sale ClauseIf one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.

Transfer of the Property or a Beneficial Interest in Borrower.

Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

It would be wise to rectify it before transfer of title so your starting off clean and hopefully won't have any issues when you go to sell down the road. 

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

Nomad also held the renter's deposit hostage even after I cleared the transfer with no damages to be charged.I had to remind Nomad there is a difference between “can” and should” , while you “can” hold a deposit longer it “should” only be done when there is a question about damages.My bank liked the guarantee, the disorganization inside Nomad and the horrible vendor management would cause me not to use them again.