I was a buy and hold investor in FL (7 units) until my fiance (who is in the Navy) and I were transferred to Charleston, SC where we will remain until May 2014.

Once I got transferred to North Carolina, I found myself with more time on my hands and realized I've got money sitting around not working for me.

You should also make sure the security deposit is/was transferred to you.

Troy, If he is an existing tenant, you should have received a copy of his lease and any move-in list of damages along with the transfer of his security deposit.

You become the new heir and the property transfers to you.

If sell a note to somebody, does the lenders title policy and hazard insurance have to be changed to cover the new note holder, or does the coverage somehow automatically transfer to the assignee?

At the end of the year you can just transfer the info to your tax form.

So far, this is what I know, but I'm looking to fill in the gaps:Form LLC (rule of thumb may be 1 per property or $300K)Transfer dead to LLCCreate a business checking account for itKeep a good divide between personal finances and LLC financesTo get money out of your investment, pay yourself a regular salary.

I didn't want any headaches with rent payment, so one of my screening questions is if prospective tenants will pay by EFT, electronic funds transfer.

What she wants is $3,000.00 because she has already been saving and has a job waiting for her (a transfer) once she leaves.