Does it look like a modern-ish apartment with breezeways and internal stairs, or is it built like a roadside motel with long walk ways along the front.  

But the person seemed bent on me wire transferring within 3 days, or the deal will no longer be valid.

It took about 8 months for the deed to be transferred to my name from the time of sale.3.

My CPA isn't well versed in 1031 exchanges and I want to know the effect of transferring title back to our names from a tax perspective. 

I am glad to have access to the resources I found here.Last snippet is I originally became interested in the AirBnb market internationally.

You can later transfer the property to the LLC, but be aware it might trigger due-on-sale clauses or additional costs.

While I agree that the STR market has matured and margins are compressing, I don’t think this is a universal truth especially for Americans buying in international markets like Germany.

As far as bank is concerned, I am still the borrower, because we did this transfer behind the bank's back. 

I am wondering for those who have an LLC for their rental properties if they are purchasing properties with the LLC or if they are purchasing under their name and then transferring to the LLC?

Then you own the LLC and can transfer the property into it.If you transfer the property into that LLC the way it is then technically you just gave your friend ownership of the house proportional to his ownership of the LLC.I'm not an attorney, so take that with a grain of salt.