I would work to transfer the utilities to the tenants.

It might be good if you simply distance yourself from that processor in your office giving the impression of a highly confidential qualification process that is not "shared" by those on the sales side or other team players I might deal with, you'll find this somewhat in a Trust Bank where minimum verifications are necessary.

Ask to see the transfer orders and verify it before your refund their deposit and make sure they clean the place.

UNITL you soon there after transfer to your joint LLC.

The bundlr dot com link, an old real estate agent, they are all experts, he contradicts himself and he his totally wrong about transferring a property to your personal name to do more deals.

Marc, if we get a lender's policy, will that protection transfer to the note buyer?

I have three and have made great use of them, but I need to get rid of one of them that I don't use much anymore due to having to start working a regular job again and I will probably need to pay the 2014 maintainance fee and the transfer fee to entice someone into taking it off my hands.

I'm sure there are transfer taxes for me to move the place into the LLC if I do that after buying

I am just starting out with a 4 family and a 3 family and am targeting to keep the following for EACH property:Operating Account = 2 x monthly mortgage taxes and insurance (MTI)Reserve account = 2 x monthly MTI, plus auto-transfer of 10% of rent collected each monthWhat do you guys think is a good best practice?

Dustan, I wasn't going to respond because you seem too conservative for my approach, but what the heck. 2nd deal was funded partially with my HELOC and private money (cousin, 10% interest). 3rd deal was funded by private money (another cousin). 4th deal was funded again by the HELOC. 5th deal was funded by 2 CREDIT CARDS (0% interest, 3% balance transfer). 6 deal onward was funded by partners and private money. last deal was funded by 2 CREDIT CARDS again.