In fact, you can do an entire flip with no money and I set out to prove it and did.4.

In some however you may avoid it by proving to your property appraisor’s office that there was no change in ultimate beneficiary,Once transferred you will need also to update the name insured on your policies and update your lease and utilities contracts.Tax wise for you, if your LLC is disregarded that would not change anything for you as you will continue on the same depreciation schedule as before and you will just record the tax basis value of the property as a contribution to your LLC.

I would work to put together a study of the highest and best use of the property.

Over the past 6 months, I have studied real estate methods and markets - specifically for long term buy and holds. 

I'm currently attending the University of Toledo studying Finance & Professional Sales but I'll be graduating in May this year and have accepted a job in the corporate world starting mid-May. 

@Lee Burns  I think you were addressing your post above to me, so I'll take a shot at it. . .My reasoning is that a sandwich lease carries additional risk that might prove burdensome for a new investor, particularly a new investor with limited cash reserves. 

Won't make it today between calling customers back and studying for my affiliate exam which is tomorrow.

Unless you can prove which tenant it was and it was in the lease that these items should not be flushed, you are SOL. 

Is there guidelines that I have to prove that he is actually living there?

Is there guidelines that I have to prove that he is actually living there?