Anybody familiar with this case... and/or know the details of where more info on it can be found?

If you are buying loans then its more complex as you have discounts involved, monthly cash flows, outflows (like servicing costs) and unknown exit dates.

In my experience one of my biggest lessons learned when dealing with older properties always expect more than you initially thought. 

@Clark Harbaugh, Given the favorable tax rulings over the last few years (in particular revolving around trusts and their equaling a beneficial interest in the underlining propery) the IRS has actually been much more lenient (or at least silent) on these issues. 

Especially that I worked more than 250 hours on my properties this year.

Here is a comprehensive guide to help out-of-town parents navigate the process effectively.1.

Hope this helps.

Hope that helps in some fashion!

I asked my CPA if I should check with my mortgage company before transferring the deed, but they advised that I just do the transfer through an attorney and not explicitly inform the bank.A few attorneys I consulted also had mixed responses, saying it may or may not be an issue, and that many investors do it without problems.Instead of transferring the properties directly to the LLC, would it make more sense to:1. 

Not a helpful comment but lists are mostly useless.