Closing costs vary based on State and County for Taxes, Insurance, Doc stamps, transfer taxes, Title, and every Bank/Lender requires different points/hard costs.If you have any specific questions of if your just getting started feel free to message me or reach I out. 

Hey Anthony, with conventional financing, like second home loans, you won’t be able to borrow with an LLC or transfer into one without triggering the due on sale clause.

Step 3- at the balloon period - 3-5 years - tenant will assume the mortgage balance and transfer ownership of the home. 

Some parents here have gifted their properties to their adult kids - parent child transfers via inheritance or gift, you can inherit their property tax basis but you have to live in the house - this was from Proposition 19 passed in 2020 to undo some of the Prop 13 benefits.

You run the business at a loss or have an offshore entity own the company and legally move the profits offshore through dividends and transfer pricing :)

You should be provided with a HUD sheet that breaks down all the expenses / credits on it, before the closing, you will have to pay county and state tax, filing fees, transfer tax, etc. 

You may be able to transfer your purchase option to another person, but that would need to be spelled out in your purchase option agreement, and you likely need the current owner's agreement to accept the sub-lessor as the transferee.You need legal advice here which I am not qualified to give.

The first person gave me a 200$ deposit via e-transfer after I told her we accepted her application.

I would like to be able to transfer her old 401K to our Solo 401K, so it would be worth including her officially in the business at least for that.  

I plan to move back to the West Coast (San Diego) for my next tour and would love to meet some local PC investors to partner with so I can continue investing in this area when I transfer.