You mentioned you bought this on a land contract, did the deed transfer to you yet?

Its typically the buyers responsibility to pay for it but it also depends on the chain of title (how the property is transferred) and any prior agreements.

We got started by buying a personal property, fixing it up, and than renting it out when my husband was transferred.

Does any one know about documents filed at County clerk website for transfer of properties.

I'm sure you can, but simply transferring it doesn't accomplish anything.

We  fixed it up and when we were transferred we rented it out.

What has the normal process been ... purchase the property through yourself first and then transfer to an LLC or has anyone had any luck with a local-ish entity who has allowed you to buy directly through an LLCAny war stories would be appreciatedThanksPete

Just bc you transfer them to an LLC opens up more mortgage spots once you get the max limit of 10. 

a quit claim deed is a way of transferring title without going through a title search or all the associated closing costs. it would be in your best interest to do your due diligent on this property as well as get a title search as there could be liens.http://en.wikipedia.org/wiki/Quitclaim_deed

House Sells: $260,000Less Profit: $47,000 (or 23,500 for me)Less Cost of Purchase: - $5,981 (I have to pay both sides of the transfer tax and other closing costs)Less Cost of Repair: -$67,500Less Carry Costs: - -$11,438 (Taxes, Insurance, Utilities, and Interest on Inter-Family Loan)Less Cost of Sale: - $23,400 (6% Commission and Transfer Tax)That Leaves me Roughly with a Purchase Price of $105,000If I sold it for $275,000 it would turn my profit into $60,500 roughly (or 30,250) for meWhat do we think now?