I've decided to stick it out for at least 6 months before trying to transfer and a year before quitting so as not to burn any bridges.

I would put it on the tenant, mainly because for financial purposes they will have to take over those payments once the house is theirs anyways.That being said I know my HOA does not allow transfer of fees to a tenant so I have to pay myself every month.

Are you becoming the owner later this month or is your date incorrectDoesn’t matter it transfers with the property but just curiousIf you have not bought it yet then push the closing date till after August 1st and have prior owner not renew lease

    I have a property I want to make an offer on I would like to pay the balance off to the property to satisfy the owners mortgage transfer the property to an llc and add the seller as the lien holder for a negotiated amount over 5 years.

Then put in writing exactly what transfers to you at closing.

That written notice will transfer with the sale of the home so you can get the clock running as early as possible.You could give them the opportunity to clean up but I don't recommend it because they will eventually return to this squalor.

I now know the basics of investing in real estate and how to be a good well rounded agent (the only thing I have invested in is stocks and crypto currency so far). 

Definitely use separate accounts, whether you have an LLC or not.Checking: receive rent, pay billsSavings: hold deposit and reserves for capex, maintenance, taxes, insurance, etc.When your checking account has more money than is necessary to pay bills, transfer the excess to the Savings account where you can build funds for a new investment.

Other fees may include your share of the title transfer tax and in some places, if it is a foreclosed home, you might have to pay for sewage compliance certification.

LLCs are overrated in small-scale buy and hold real estate anyway (in my opinion)Most conventional lenders don't care if you transfer title to LLC post close.