The PM uses Appfolio and when trying to set up the ACH transfer to deposit rents to a bank account in NY, Appfolio (which is based in CA) stated to my PM that they can not do ACH transfers to NY because of 'NY Banking Laws' but they didn't provide to her further information on that.Has this happened to anyone else whose PMs use Appfolio or other similar app to get deposits from Out of State to NY or any other state?

Dekalb to be more precise, but lived in LA for some time now.  

Looking for some advice on this - I was listening to a podcast recently (it may have been the PB, but I listen to a lot) and one of the guests mentioned that they find off market houses by getting lists of homes that have recently been transferred in a will.

Seller financing isn't always a good option because banks specifically forbid it, because the buyer has to take a deed transfer and that would cause a lien position loss on their end. 

I just wanted to be precise what I am talking about.

Hello @Nadeem Akhtar - here is a checklist provided by Harbor House Buyers I transferred to a Google sheet.

My question is: Do I need to now transfer the house into my newly created LLC, and if so, how do I go about doing that?

I sure as hell would not be paying the taxes on a property unless I was darn sure I had some claim or interest, even if title not transferred (yet).I can give you a number of scenarios why someone WOULD be paying taxes.

Alexis,I am in precisely the same situation as you.

So I will transfer 500/mo into a separate account (my goal was 100/unit/mo).