More commonly, a Revocable Living Trust ensures your assets are passed to a trustee upon death.

Virtually all banks and lenders are going to have a due on sale clause, meaning they can demand full payment if the seller tries to sell the property or assign the mortgage without their consent.

The tenant does not need to consent to the transfer of ownership. 

Yes you can close in an LLC or Revocable Trust with a DSCR loan.

If it's revocable, then there should be options but it's important to let them know up front so there's no surprises.

The assignment did not release the original contract purchaser from liability unless the seller expressly consented to the assignment and fully released them (a novation, in effect)… which is not part of the fact pattern.So the agent is right.

A person who has sent bitcoins cannot try to retrieve them without the recipient’s consent.

Is it in a Revocable trust or non-revocable? 

The operating agreement of our HoldCo says that our personal revocable trust is the beficiary in case I die.

Alternatively, transferring the property to a revocable trust provides income for your parents, avoids probate, and keeps you as a beneficiary, but it doesn’t allow for a 1031 exchange and could trigger gift tax.Focus on aligning the structure with your goals, whether for immediate reinvestment or estate planning, and ensure compliance with Connecticut laws.This post does not create a CPA-Client relationship.