(My commercial deals are typically 5-30 unit buildings, not multiple hundred unit complexes)Some LOI terms to includePrice, transfer taxes, concessions, contingencies, study period, closing date.

hi @Tim Kaminski - transfer taxes/fees depend on your location.

Hey Team-I’m wanting to transfer my current property from my name into an LLC.

Best thing to do with subject to is to have the seller transfer ownership into a land trust where you are the beneficiary of the land trust.

My original loan just transferred to "Mr.Cooper" mortgage.

We do not represent them.And I can tell you, in almost every case we have an unrepresented buyer on my listing....I make more, the seller makes more....and the buyer is probably paying more than they would need to, and waiving things, or agreeing to contract terms that they have zero idea what they mean or is customary.As an example, almost every unrepresented buyer on my listings ends up paying 100% of the transfer and recordation taxes, when customarily those are split 50%/50% between buyer and seller.

It usually starts with a notice being posted, so get that done asap to 'start the clock'.Keep in mind you should receive their security deposit as a transfer from the previous landlord as a part of closing, so that will at least compensate you somewhat for the lost income if they haven't trashed the place and such.One other set of questions would be - do you want them to leave?  

HOWEVER if you are Trying to ACQUIRE the property and the borrower on the Note is now deceased - the ONE Big question (among others) is How do you get marketable and insurable TITLE Transferred over to you SUBJECT 2 that existing debt?

@Keith CuddebackIn addition to the methods already mentioned for finding the outstanding loan balance of the primary mortgage, you'll also likely want to determine if there are any other loans/liens attached to the property that the seller will need to cover/pay off before they could transfer title to you.

Furthermore the local experts can confirm the following: (1) the use is allowed, (2) the use requirements can be protected by permitting and licensing and (3) the permissions are transferable through a sale.