If you already have existing property and transfer property to an LLC, then it could trigger the due on sale clause the bank.

You will receive the security deposit in Checking but then transfer it to Savings.Savings: Hold the deposit here so it's separate from operating funds.

The cash on cash return is only meaningful when you evaluate it based on your long term plans.

.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

Here is an example: We run a fund that has a transfer agent that handles the cap table.

If you own a 2-flat with an additional non-conforming garden unit (basement) being rented, and you're considering a cash-out refinance, how will the lender evaluate the rental income?

“ cash flow returns” almost always compare horribly to a simple bank CD after you deduct for insurance, prop taxes< vacancy, capex, prop management (or your personal time.) etc etc etc. 

Now I know what you all are thinking -- that place is not going to cash flow!

Sounds like a cash out refinance would be the best way to tap into that equity. 

You’re not going to find a safe way to do what you want unless you or the “buyer” has enough cash to pay off the note.