If the target property was owned by an LLC of which your family member was the only member and it did not file it's own tax return, then even though the LLC is on the deed it would be "disregarded" by the IRS. 

The one question I have is what if I own my rentals outright and they are not in an LLC or any other type of disregarded entity.

@Matthew ShayIt should not matter if you’re an LLC elected as an S Corp. or an LLC elected as a disregarded entity since the tax consequences are the same and both are flow through entities.

After dong this, my lending institution of choice will now disregard the seasoning period because now there is a mortgage on the property and they look at this as a re-fi, in essence my bank is able to "steal" away a mortgage from another lending institution,(e.g. my business in this case) so they don't care how long the property has been owned. 

In some however you may avoid it by proving to your property appraisor’s office that there was no change in ultimate beneficiary,Once transferred you will need also to update the name insured on your policies and update your lease and utilities contracts.Tax wise for you, if your LLC is disregarded that would not change anything for you as you will continue on the same depreciation schedule as before and you will just record the tax basis value of the property as a contribution to your LLC.

3 months behind and still wants to stay another 3 months, disregards the eviction notice, and asking for their deposit back...

Is there a total disregard for financial obligation?

@Jeff Cagle Hi Jeff, just to be sure, are you saying you would calculate the new taxes from the sale price and disregard what the current tax bill is?

Build a trusted network around you who can act as your sounding board and disregard the vast majority of opinions elsewhere. 

Hi @Marc Anthony,Very helpful question you raised, seeing as there's so much incentive to work with all prospective clients and disregard red flags.