@Susan O.It could be done, but the transfer in the father's share of ownership would be considered a gift and he would have to pay taxes on the gift.Also, non-married people buying a property together like a father/daughter would lose the capital gains exemption.This is to prevent people from adding their children to dodge estate taxes.

The pad is great for a live/work contractor, since there's lots of space, nice house, and big warehouse - but not really as a rental property.What I'm actually leaning towards is unloading the break-even property, and transferring to something more suited to rentals.   

The most common reasons for accelerating a loan are if the borrower defaults on the loan or transfers title to another individual without informing the lender.adjustable-rate mortgage (ARM)A mortgage in which the interest changes periodically, according to corresponding fluctuations in an index.

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.