I am in process of transferring a paid off rental property into an LLC.

Data is not readily available, unless you have a costar subscription which can be very costly or are in contact with commercial brokers.

You could just post the numbers or transfer the numbers on to the BP calculator.

Then you would cover the foreign filing fee until the legal work is complete, then create a new Land Trust and transfer the property/asset into that again and be in the clear.

Purchase price: $115,000 Cash invested: $23,000 4 unit bought site unseen when my wife had a job transfer. 3 of the 4 units were occupied when purchased and we lived in the 4th while remodeling our foreclosure home.

Hi @Kevin MadarasTo accomplish what you are looking for, you would want to transfer your properties into individual Land Trusts which will then be housed under the LLC.

Hi Eric,To avoid the issues with financing while operating through an LLC I will proceed in this way: establish financing and purchase the property in your own name, then transfer the property into a Land Trust (this does not trigger the Due on Sale clause,) and then make the LLC the beneficiary of that Land Trust.

Also, transferring the savings before paying your other bills teaches you that your savings is top priority and forces you to adjust spending to make it work.

Additionally, depending on what your aunt / mom's timeframe is for selling, you may want to consult a cpa or trust attorney to figure out if there are other ways to transfer the property with fewer (if any) tax implications.  

As an example: I would set up a trust agreement as a Nominee Trustee under my name so that the deed transfers the property into the Land Trust.