Things that will cost you extra are screening reports (all companies charge extra for these), a small fee to establish electronic bank transfers (if this is something you will need at all), letter mailings, and 1099-MISC tax form preparation. 

My buddy is transferring from St.

Is there a way to transfer this property into my name without being taxed heavily?

Each franchise company has different rules and regs for transfer and sale. 

Northeast of Los Angeles.My investment career wasn’t looking so hot.However, rattled as I was, I was an avid fan/reader of Warren Buffett (still am as a matter of fact).I was confident that times of panic were the best times to look for golden opportunities.Ok, I was fairly confident.If I would’ve been REALLY confident, I would have bought up everything I could get my hands on.Instead, I stayed the course and stood by my plan.I kept contributing to my IRA and 401k, and began looking for another property to purchase with the intent of living in it while stationed in the area and renting it out when I moved.Now, looking back, I realize that I made another rookie mistake.When searching for the property, I did not educate myself and become an expert in my new market.Granted, it’s a little more difficult for military members to accomplish this as we only get about 8 – 10 days to find a place to live.However, I could have started the process from Ohio.Anyways, for those that know the area, I found a foreclosure in a great neighborhood west of highway-14 in Lancaster, CA about 40 minutes for base.The previous owners had purchased the property at the peak of the market for ~$450k.It was now being listed at $195k.If I were in their shoes, I think I would have taken the hit too and walked.Well, probably not due to my security clearance, but I digress.

The three lines in the R&R which pertain to my situation:"All Wood or Hard flooring material must be installed with sound dampening material to reduce sound transfer to the unit below.""

which do i want to do at the end of the day to be most successful with this property when transferring it into the LLC?

3) Why hasn't the trust been funded (transferred into) with the TX property?

I received a tax lien one year, even though I was transferred to Illinois for that year.  

Does anyone know whether or not there are tax implications if a family member quit claims a piece of land into my name.  I would not be paying anything for the property they would be giving it to me for nothing.  They...