I would just pay off the arrears, pay out your equity, and transfer title. 3) Sell on the market, but then you'll lose some of that equity in closing costs and commissions. 

@Sam Rogers A Deferred Sales Trust (DST) allows you to defer capital gains taxes by transferring sale proceeds to a trust in exchange for installment payments, offering tax deferral and reinvestment flexibility beyond 1031 exchanges.

Eventually, I would like to transfer the property to an LLC. 

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.

Transfer it into a Roth IRA 6.5k as you are able (IRS contribution limits will make this take a while).  

Ideally there'd be second factor requirements on any transfer, and especially "suspicious" ones (as defined by an entire team of people who monitor that sort of thing).Cookie theft and other takeover scenarios are a thing.

@Hamed RahimiThere are no mapping programs to transfer data.

@John Kelly You’re right that transferring your homesteaded property to an LLC can often disqualify you from the homestead and veteran tax exemptions because these typically apply only to individuals, not LLCs.

The format didn't transfer directly to BP, so, make sure that you scroll all the way to the bottom. 

I was able to purchase a house from a couple for the cost of a title transfer fee, and a refi loan.