My immediate thought was "Uh, no, they cannot live in the property once the house is short saled", after all, they were just given debt relief on the mortgage, although the bank would get paid, and the title would transfer to my father, who could do whatever he wanted with the property.

I then transfer that money into my Operating account so there is never any money that can be fraudulently withdrawn.

Is it feasible to transfer my current resident and later purchase properties utilizing a LLC?

I went to google to "withholding 7% form" and it is Maryland Return of Income Tax Withholding for Nonresident Sale of Real Property (MW506NRS)Form used to determine the amount of income tax withholding due on the sale of property located in Maryland and owned by nonresidents, and provide for tax collection at the time of the sale or transfer.This is the "application form" MW506RApplication for Tentative Refund of Withholding on Sales of Real Property by NonresidentsForm used to apply for a refund of the amount of tax withheld on the sale or transfer of Maryland real property interests by a nonresident individual or nonresident entity which is in excess of the transferor/seller's tax liability for the transaction.

(My aunt holding the note is out of the question) How will the deed transfer work?

Acquiring title to the property is one thing; assuming the decedent's mortgage is another.The personal representative is the one who (presumably) has the capacity, powers and authority to transfer title.

Now, she should see if she can transfer the existing account to a SDIRA then she have the account to lend. :)

When you sell the HOUSE AND LLC as a package, you save the transfer fees.

This software has some hidden fees in ACH transfers, which are charged to the property manager for every ACH transfer a total of $.50 and could be more depending on the days it takes to transfer.

The are much better for clearing up title than transferring title.