He keeps a briefcase guy with him at all times.I Mark, am the lady with the purse full of cash....or well at least I was the first time, because the banks were closed that Monday before the sale and the only thing I could do was run around to one Western Union after the next transferring cash from my accounts.I got it together on my next auction and got cashier's checks for up to the minimum bid and then a purse full of cash for my cut-off..lol.

Based on comps, I can sell for about $340k and net about $315k after commissions and transfer taxes.

Leases do typically survive the transfer of ownership.

The "lot" was purchased in our LLC, but we considered keeping the house for ourselves, so transferred to our personal names to make a refi easier once construction was completed.Now, we have decided to sell, and need to transfer title back to LLC for the resale, but we're concerned about triggering FHA's flip rules - is that likely?

@Barshay Graves absolutely, they don't "void" it they "call it due" meaning you have to pay it off immediatelyIf you transfer the property into an LLC the lender can call the loan due. 99.9999% of loan docs will have a due on sale clause.

Transfer fees, taxes, enitys, 4 or 2 llc's?

However in this case it seems that the utilities were in the tenant's name and were for some reason transferred to yours.

A big part of the motivation for absentee owners is that they are not around to manage the property or they were transferred or in some way became accidental landlords.

Moreover, is it possible that the current owner's contract with the PM could survive the property's transfer of owenrship to me?

Though I still have a day job, my goal is to eventually transfer into a full time investor.