In Georgia, we use attorneys to transfer ownership of real estate via closings.

A Transfer On Death Deed transfers title to the beneficiaries upon their death , all you have to do is get & show a copy of the TODD to the countys registrer of deeds & they will change the property owners names to the 3 childerns  You may already own the property & not even know it   Best of Luck

The reinvestment requirements of the 1031 exchange are still in force - you must purchase at least as much as you sell (that is the 85K) and you must use all of the proceeds in the purchase (that is the 85K of cash proceeds).So you will purchase the property from the intermediary using $85K of exchange proceeds and then either bringing a new loan for the remainder, assuming the balance of the loan currently on it (from the family member), or simply bringing cash of your own to the closing.Your intermediary will sell the property to you (or hopefully if they're thinking about it they will assign you the membership interest in the single member LLC so  you avoid a second closing and transfer tax and you get a free LLC out of the deal) and pay off the mortgage they had to make to the family member.You cannot accept cash from the closing of your sale without incurring a tax event.

I’m not sure if I would be able to transfer the ownership to a new LLC if purchased with a line of credit or even put into an LLC once refinanced.Rehab:For a first deal, I don’t want to go too crazy with the rehab.

Hi, I recently purchased my first rental property here in Dallas. I bought the home in my name but have since set up an LLC. I am filling out the warranty deed and was wondering if I can leave the Consideration part b...

There is a security deposit, which will be transferred to us, but in our case, I wouldn't worry too much if there wasn't one.

This is what he said." if transferred to an LLC then upon passing the property is no longer transferred from parent to child but from LLC to child.

I'm wondering if the permit waiting for us at L&I is transferable to another contractor.

Currently the scenarios I consider are:1) Housing slumps: reduced liquidity and rent decreases ..2) Money lenders calling a loan for some reason..transferring title to LLC etc.3) Uninhabitable property... fire, flood etc... 

Being in WA with high transfer costs and always being aware of tax burdens, I have modified the model from the traditional buy & flip a bit, but that's my new venture for now.