It takes years of practical experience to be accurate. 

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

It is standard business practice.

But point is that banks are completely OK with this as this is a common practice with estate planning - moving assets into trust that is LLC. 

This is a common practice when a GC has skimmed off as much money as possible from a client.

My suggestion to @John Keenan as a newbie to flipping is to practice first.

I've been working with real estate for more than 20 years acquiring, developing and selling homes however since I joined Vena Jones-Cox at her Wholesaling Academy in Ohio last year, I'm thirsty to learn and practice more Wholesaling, thus I would like to connect and exchange knowledge with the members, specially the ones in CT.

I've noticed in Acres homes that there is practically no rental and no duplexes so pulling comps hasn't been very informative. 

Episode 113 -Jay Papasan - Partner of one of the best selling Real Estate investment books, "The Millionaire Real Estate Investor" and Jay gives really good practical advice to building wealth and sincere logical.Tax Strategies from CPAs Episode 269 - Amanda Han and Brandon Hall (New Tax Codes and Your Investments) Episode 244 - Linda Weygant (Understanding the Tax Benefits) Episode 196 - Brandon Hall (Tax Strategies to Help Your Real Estate Business)Favorite Reads:A Helpful Book List by BiggerPockets: BP Book List LinkRich Dad, Poor DadFlip: How to Find, Fix, and Sell Houses for ProfitThe ABCs of Real Estate InvestingThe Book on Rental Property InvestingThe Millionaire Real Estate InvestorI appreciate you all for sharing and adding value!

What is the best practice?