You want to play the charitable hero.

Better play it safe and use a warranty deed instead.Also, later on when you sell your property, it will keep the chain of title cleaner for the next title insurance.Last but not least, a warranty deed does not cost more than a quit claim deed...

It's playing with plutonium.

I always play it straight on loan applications for they can be enforced for 10 years from signing. 

Umbrella insurance will never come into play for Property damage (fires, storms, floods, etc.)It is liability coverage only.I'm an insurance agent and have seen umbrella claims from fatal car and boat accidents. 

was looking to add brand new SFH to my portfolio.

This specific tenant disregards quiet hours and continues to play their music loud.

He’d likely play the role of buyer’s agent, contractor, and rental listing agent—something we successfully did last June.

I believe your loan could get called if you transfer ownership to an LLC without consent of the lender, especially a brand new LLC that does not have two years of tax returns.

Brand new everything else, including septic system too.