Transferring money between them makes no difference, tax-wise

You also lose your long-term appreciation and the ability to transfer property non-taxed via 1031 when flipping a property

We are in California.He just passed away today, so I'm beginning the process of transferring assets from his trust to my accounts (which is what the trust says I should do, since I am also successor trustee on that trust), once I get death certificates in hand. 

How to set up and link a legal trust as a member to your SLLC so that the transfer of properties into your company is done smoothly and correctly without issues with lenders or banks, etc etc, same reason you don't DIY your own medical issues.

I'm not a lawyer, nor CPA, and you need specialized advice.The property was not transferred (warning: with a QCD you'll likely lose title insurance, use WD when transferring) to the LLC, so you have no asset protection whatsoever - you have a person with a house and a mortgage who is also partner in an LLC that has somewhere in the operating agreement that it has a buy&hold rentals purpose.

Realtor says I can pay the $30,000 to reinstate & transfer house over to me in the Grant Deed.Then we pay his mortgage payments until we sell the house... is this even legal?

I started a llc for the rentals but was curious on how I can transfer rentals into my newly started llc to free up some of the debt to income to be able to buy a home for family.

It is our standard Continent on transfer of title contingency (If you looked for "Monroe County NY Bar Association Transfer of Title Contingency") It will be listed.

Did a balance transfer and finished the job.

The only issue would be if the military member accepted a transfer that also meant the family was going with them and there was still some lease left.