Will the title company put this property under our LLC name, and won’t be required to legally inform HUD/tax authorities. - will it influence property taxes once we move to conventional loan in 3 yrs? 

Question is, is the person you are dealing with a correspondent broker who brings them deals to fund or someone from their company.

Insurance companies do not like Federal Pacific electrical panels. 

Keep in mind banks still pool forclosed assets together and sell them all together as a group to one company.  

I have five houses in Memphis area, and the biggest problem has been finding a good property management company. 

Who are a few great companies I could speak with that have turn-key properties available?

@Craig DanielsI own a local top reviewed real estate brokerage and property management company in palm bay.

The key is making sure you have the right team in place—outside of market research, finding a trustworthy property management company is one of the most important factors in making long-distance investing successful.

Gifting equity in a house may be more trouble than it is worth if you are not near the life-time exclusion1) Potentially having to get the property appraised everytime an equity is gifted2) Having a title company update the title every time3) Exemption of the gift tax return is normally for cash gifts below the annual gift tax exclusion, you may still need to file if you gift non-cash4) If there is partial ownership over several years, having to properly pro-rate certain items such as real estate taxes, mortgage interest and rental income if the property is a rentalBest of luck 

In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.