Should I use a Warranty Deed or a Quit Claim Deed?

I do not know, but thats the claim. https://www.youtube.com/watch?

The amount the bank is claiming is listed in the filed paperwork along with how the interest accrues so you should be able to accurately track the payoff amount as time goes on. 

They will help give you the lay of the land in that market and give you an idea of what you can expect and if they are a good agent they will let you know if your expectations are unrealistic for that market. 2) An agent in the market you are interested can recommend you to some and you would want to interview them once you get past the inspection period and closer to closing. 3) That would be the role of your agent.

As soon as you hear a investor claim they are charging below market rents to retain a good tenant you know your are hearing from a hobby investor that has no clue of the bigger investment picture.You also need to keep in mind that the rent rate has no impact on a SFH investment since the majority of potential buyers are home owners not investors.

But since my brother gave back his portion, does my brother need to claim gift tax for transfer of property to my dad.Does my dad’s cost basis for value of estate apply only to the life estate portion?  

If you don't have income, the IRS will probably catch up with you on filing tax returns for a business with deductions but zero income.However, if you don't care about your corporate veil and don't care about claiming your expenses as deductions (remember, nothing says you have to...), then go ahead --- is my layman's opinion. 

Setting forth the transaction as a lease will also save you from the fact that your mortgage is unlikely to be assumable, TILA disclosures, claims of fraud down the line when he's unable to get the financing in a year, etc.

That way the taxpayer can either pay the fees and redeem or would have to counter-claim. 

Are the LLC's multi-member LLC's - If they are, they would be required to filed a separate partnership tax return.Your profile mentions that you are a real estate agent, you may want to see if you are eligible to claim real estate professional status.