Also, if there’s a mortgage, transferring it to an LLC could trigger the due-on-sale clause, requiring lender approval.Better Alternatives to Avoid Reassessment & Save on Taxes:Living Trust (Best Option) – Your aunt and stepfather could quitclaim their interests to your aunt, who then sets up a revocable trust naming your mother and you as beneficiaries.

My question is, do I need to send a non-renewal notice as well? 

Combination of own capital, hard/private money lenders, partnerships and raising outside capital.How do you add value to these deals?

@Joel Oh- if you are using a loan to acquire the property - the lender  requires  insurance ....if you own the property  free and  clear - your  choice  but I would still  recommend  insurance 

If the answer is no, and the only goal is to sidestep some ability to deduct something, or be able to deduct a non-deductible personal expense ....assume it's a no-go. 

Sellers worried they won't be able to sell in time before their lender takes action. 

Certain lenders can accept higher than 50%, and may be able to execute even with an exception. 

Inside track to properties before they go to market/general public.2.

I really saw mine start to work after year 2-3 and I'm extremely public about those outcomes.

Although that would be looked down upon by a lender as well because of the inherent risk of lending to someone who has too much on their plate.