Depending on what your investment strategy you may need to be able to write checks, send wire transfers, get cashier's check, pay expenses using VISA or MC debit card, etc.

Therefore, they will want to see trailing financial data on the property and a proforma (among many other things) that they can underwrite the risk of default going forward.

Here are some data based on my simulation;1st YearGross income: € 10.368Total expenses: € 2.552NOI: € 1.568Mortgage payment: € 7.159 (30year at 2.55% fix rate)Total cash flow: € 657,00Cash ROI 65,70%Equity accrued: € 3.373Total return: € 4.030Total ROI 403,03%Capitalization Rate 5,18%GRM 13,98DSCR n/aTax rate in Italy at: 26%

In this process, we removed family member from the deed (quit claim) so that I now have ownership and mortgage fully in my name.I want to pay this family member as soon as possible but concerned how this transfer of funds will be taxed. 

If I wanted to purchase this other house would I buy it under my name and then transfer to a company, in the form of an LLC, corporation, or something else. 

Anyone know how to transfer title when there's dual ownership and one person wants to sell the property?

When you've got tenants in a property that wasn't built for multiple units, you'll generally have many more problems with noise transfer, causing you to have more frequent turns.  

I heard something about a transfer fee of $7650

To really get accurate comp data, you're going to need MLS access, or partner up with somebody who does.

I ask because I ran into a problem with melissa data not giving me accurate information on absentee owners list regarding to the actual homeowners residence and the absentee home?