Usually it's either cash or a loan, or use an investor.

I contacted a title company to officially record the sale, but they are requiring 3 separate closings (and tons of extra fees) because there will be 3 liens/private mortgages recorded (one is the original mortgage that I want to reassign since the interest rate was very low; the second will be held by my son to my daughter for his portion of the equity in the home; and the third is the difference which will be between my daughter and my other LLC). 

I usually recommend investing in your area.

@James Carlsonhaha yep. decided to spend some extra time on this one =)

That puts them to some extent in control of their rent increase and puts extra money in your pocket.

Yeah if you are doing this just to generate some extra income with 1-2 units, the work-to-reward ratio is just not there.

One possible answer is no extra rate increase  but better occupancy numbers.

I was thinking an extra $252.

Extra benefit towards house hacking:Down Payment assistance - If you make less than 150k you can qualify for down payment assistance.

A GC will usually find the cheapest labor to get the most profit out of any job.Don't depend on the city inspectors to watch out for your benefit...