Expect to pay transfer taxes based on the properties assessed value plus deed prep and recording fees when you make the transfer.

Yes, you can use the paid-off house as collateral without transferring it to the new LLC.

TurboTenant does digital signatures for leases and other documents, condition report templates, automated and one-time ACH transfers, chats with tenants (so there is a record... just in case), and lots of other great stuff.

I bring the same discipline and precision from my athletic career into real estate.

If I give sellers $100 from rent proceeds, it'll drop to $350 monthly.5) Do I need just a promissory note for both of us to sign and deed transfer document? 

So if I transfered all of it into a rollover ira, then I could use the entire amount I have currently as tax-free towards a first time buyer loan?

My plan is to transfer my money from my personal account into my LLC savings to make my housing purchase.

My uninformed opinion was that 1031 allowed for the deferral and transfer to the new property.

@Logan Berry, a quit claim deed doesn't make something "worthless".A quit claim deed transfers any rights to a property that one person has to another person but makes NO guarantees about what rights that person had to begin with or even that they had rights.

- How long the unit sits vacant for repairs/cleaning, and finding a tenant- City/town/state the unit is inPlease respond with your thoughts, hopefully with the bullet points above as points of reference and stated as such in your reply (I know, I am asking for a lot from you all :) ) But, for example, a Class D property in Milwaukee, WI probably requires less turnover time, lower quality materials, not as precise of a paint job, etc, than perhaps a Class A property in San Francisco, which would require higher quality materials, higher labor costs, longer vacancy since more precise craftsmanship would be required, etc.