If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members.

Investment Info:Single-family residence buy & hold investment in Okemos.

Finally, check with the Town to make sure there are no municipal liens, Make sure they're on Town sewer, check with the tax assessor to see how many bedrooms the tax office thinks there are, (important if you are flipping) buy ok to have more bedrooms if you are planning to buy and hold.  

Will you use the HELOC as a short-term bridge, or plan to hold it longer?

Walls are drywall and don't hold up well to jump kicks. 

So it’s not a house you’d should hold with your own money.

It might be best to hold off until you hear of other BP members who have experience with them. 

Alamo REIA also hold events trying to connect individuals from different specialties within the real estate investing space.

A “contract to hold” binder payment equal to a month’s rent would also be collected at that time.

I don't hold to the "analysis paralyis" theory that if you're not buying something (LTR or STR), you're doing something wrong.