We would like to transfer the property from our personal names into the LLC.

Either way I’m confident I can find common ground on the price, however, my question is: where the heck can I find someone/some entity with enough capitol for a $7-8M all cash real estate deal? 

If taking over a property "subject to" what would be the Cons to simply having the homeowner transfer the property to an LLC which outlines the ownership percentages negotiated and having the homeowner be a partner in the deal instead of simply pushing them out of their own home?

It is my understanding that I cannot transfer the deed into a LLC without paying a huge transfer fee.

That, and the fact that generally lenders have policies against Subject-To transfers, make this a less than desirable opportunity.

Maybe I can do seller financing or mortgage transfer or rent to own?

@Keith Gilad I would definitely listen to @Dave Foster about doing 1031 Transfers. 

Quote from @Tom Gimer: @Jay Hinrichs From some recently advertised terms of sale in DC:"Purchaser will take title to the property subject to all real estate taxes, water and sewer charges, and any other municipal or utility charges senior in priority to the Deed of Trust, if any." there ya go clear cut.. in the State of Washington you cannot transfer title without prop tax's being brought current..

You will be given a hearing sometime later in 2023 at which point the committee will likely have to revert to the recent (within 3 years) transfer price. 

A transfer station will charge you something because they have to move it.