I just provide the bank a copy of my statement, and don't bother transferring money out or setting up a separate account or anything to make it look like I have less money.

Often those are set up to hide a sale/transfer in order to avoid a property reassessment and/or the lender exercising the due on sale clause.

Our intention was to purchase the property under our names and immediately transfer the deed into the LLC's name.What I have heard from an attorney is doing the purchase this way opens us up to more personal liability..

As far as I know, if they're a tenant at will, and the property transfers, the tenant doesn't have to.

Even though you can just transfer the llc to the new buyer and the deed won't change names, a judge may say that you knowingly set up that plan to deceive the bank.

If so, I imagine we need to get credit data, etc. of our investors?

Apparently on January 18th, Fannie and Freddie announced changes to title transfer requirements.

It sounds like I have 2 options:1- I can put in a new 2 inch digital meter,which can download data on amount of usage, exact time of day, and constant stream of usage to automatically detect leaks (cost of a few hundred dollars)2- I can install individual meters for ever unit.

Matt Inman - you almost certainly cannot transfer any of your 401K funds out to a solo-K (without it being considered a distribution) unless you leave your current employment.

Avoid language that the buyer "promises to pay" and similar verbiage.As for the ability to purchase prior to the close of probate, this really depends on the state and the powers granted the PR (personal representative) and the point of time you, as buyer, wish to complete the transfer of title.