The property being transferred in this arrangement must be owned free and clear by the seller.Opportunities"This approach lends itself well to selling properties that may be difficult to compare due to unique construction, number of bedrooms, etc."

It is often better to do a transfer on death to get the step up basis.If you want to gift it without triggering taxes you can create a multi member LLC where your mother has initially all the membership and gifting you each year up the the exclusion value, taking into consideration that the fair market value of this portion of membership will be probably 20 to 40% lower than the same portion of the full market value of the property due to its non marketability.

Reminder in MI to file a Property Transfer Affidavit (PTA) and change your insurance to new LLC name if you do change the ownership. 

Once you buy the property, you can transfer it into an LLC, but that won't affect the initial rate you get or your ability to qualify.

Because of C19 I bet banks a bit more restrictive on the transfer to LLC right now.

@Joshua CorwinIf you are looking for prorated amount for the month you closed in, then you should have had that in your purchase agreement and it should have transferred to you at closing.

Whether this is another RE, stocks, bonds, Mineral rights, crypto currency is not relevant. 

This is a crisis of your own making, utility transfer is something you know is coming and should be prepared for ahead of time.

I found a property off market that would be a great brrrr strategy house, I’m curious what the best loan would be whether unconventional or conventional, if I was going to transfer it into a duplex or triplex, maybe a FHA would be the way to go and I could live on the property for a year?

I have created a substantial amount of capital through the stock market and want to transfer to real estate.