For the security deposits - since we will take over is the seller required to transfer those funds to us?

There will be a period of onboarding, data transfer and build out.

.”• I pay all the costs – things like Real Estate Commission - Title Insurance - Escrow Fees - Transfer Tax -Termite Clearance - Roof Certification – the list goes on and on..• And I buy them in an “as is” condition.

I feel like I should transfer some personal funds to make sure this property is well covered before I purchase my next rental property. 

When you do a 1031 exchange you are in essence transferring the adjusted basis of the property to the new property.  

. - I would speak with an attorney regarding transferring the equity to your businesses.  

You’d still be using your funds, but by delaying ownership transfer, the expense would fall under your ownership period, making you eligible for depreciation.Discuss these options with your tax advisor to ensure everything is structured properly for IRS purposes.

Hey Deepanshu - you would likely need to state that all personal property being sold has no transfer value or have a separate contract for the sale of the furnishings.

My only suggestion is that you research the transfer tax in those areas.

This way there will no be loose ends and title transfer will be clean, you wont even have to issue a quit claim deed.