Q3) If it's a loan from our parents that we are paying off, who holds the title to the home?

Also, is there a site for a  title search? 

I am a title abstractor and reviewer with 10 years experience in multiple states.

Q3) If it's a loan from our parents that we are paying off, who holds the title to the home?

The auditor has some info, too.As for ARV, I am looking at comps from CMAs that brokers and agents provide in addition to the websites everyone uses.Having a crew ready to work (and a lawyer, and a good title co.) seems prudent.

I asked for a $2,500 processing fee, which was gladly handed over, and the escrow and title company took over from there.

You won't be protected by anonymity on this deal, but moving the title into the LLC intra-rehab may help with asset protection. 

If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.

@Alyssa TeepenThe title company would write you a check or wire the cash out (less the closing costs) into a bank account of your choosing.

As the title says, I am in the process of starting a BuildRRR.