Hello Theresa,The rents in the area are about $500 to $575, and these are renting for $475 a unit not sure about local rules I will know beforeI will know before squeezing the trigger on this deal that's for sure.

His humor is definitely of the leftist and snarky variety, so...trigger warning, it definitely won't amuse everybody.https://www.youtube.com/watch?

Fannie Mae now allows you to transfer the property to an LLC in which the borrowers on the loan are the majority members of the LLC, without it triggering the due on sale clause on the loan.

If the loan is in your name and you then try to put it in the LLC's name that triggers a thing with most lenders that gives them the right to call in the loan.

The name of the game in the abandoned/vacant property business is to confirm everything).With these folks you almost always have to follow up consistently until they are ready to pull the trigger.

It is not 'technically' a title transfer that would trigger a transfer tax. 

Im close to pulling the trigger on a Rental property.

You can call multiple lenders and have the conversation where you go over current rates, terms, etc and they won't have to do a credit pull until your ready to pull the trigger.

Sounds like you have a good opportunity so go for it, or is this your first deal and you're concerned about pulling the trigger. 

They know several other folks that have been talking about pulling the trigger for years, but have never actually went through with it...