Remember that if you later take over and manage it yourselves, you'll need to start a new account from scratch - your previous reviews with that property manager won't transfer.

Land banks, the city actually owns the property and can transfer it to you after the application process I mentioned above.

Additionally, if it is bearing, then you'd need to add a header to transfer the load.

Along with the note and mortgage or deed of trust the borrower signs a warranty deed transferring title to the lender.  

transfer it to the next property or leave it be and keep renting it out. 

But whatever you do, don’t transfer ownership to you and/or your sister before his death.

The assignment and transfer for a free is getting compensated for the sale of real estate without a license, but people have figured out how to get around it.In short, if you are thinking of getting into wholesaling, you have to ask yourself why.

And then when they pay you do a transfer from that account to your checking account. 

Main Account - Checking account to set up transfers or draw money from for mortgage, insurance, taxes, etc. and I get a Baselane debit card (physical and virtual)2.

You make the mortgage payments on their behalf.Advantages:Full Ownership: You gain full legal title to the property while keeping the favorable 3.25% interest rate.Control: You have more control over the sale because you hold the deed.Simpler Resale: Since you hold title, you avoid the complications of a land contract when reselling, especially to FHA buyers.Risks:Due-on-Sale Clause: The lender could potentially enforce the due-on-sale clause if they find out you’ve taken title, though this is relatively rare in practice as long as payments are made.Higher Closing Costs: You would need to close formally and cover title, closing, and potentially transfer costs.3.