maybe it's because I'm old and lazy but it sounds good to me to have a servicer transferring money into my account several times a month and no tenants,trash, or termites. 

Now add in $15K-$20K sales expenses (title insurance, transfer taxes, commissions, etc.) and you are down to $27K. 

I hear that it's a little bit risky to transfer assets to your LLC because of some rule where the bank can call the loan due at that time, but that doesn't mean I can't have properties under my own name and my LLC.In the end, I probably spent too much time trying to figure out my H1B when eventually I'll get a green card.Hopefully this helps!

We are holding the 2nd note and the 1st one was sold or transferred and now we have no idea who/where to - the credit file shows "sold/transferred" and O&E report doesn't help a whole lot either.

He transferred two properties into my LLC in exchange for equity ownership. 

@Seth BormanAccording to the extraction company, there will never be disruption because they are drilling outside of the city and pulling oil and gas from under our houses...The extraction company stated the prior lease allowed for the auto-renewal and that it transferred to me automatically as the new owner.

This will be an ongoing discussion, so we just need to iron out a few details before BP members begin assisting you.1) Do you plan to hire a General Contractor or coordinate the trades yourself?

The day after closing, you could record with the county a deed that transfers all of your interest in the property to your LLC.

We were then told by auction.com we had to wait until the redemption period expired and they would transfer the title to us instead of the Sheriff's Certificate.

In doing so I would be transferring the property into the LLC.