When ownership is transferred, the fee simple title remains.

I just need to be more hands-on with my investments.

We never did rent it to anyone other than my sister-in-law for a short time.I now live in what will probably our "forever home" and am interested in getting into real estate to start making some passive income and ultimately quit my day job.I have listened to a TON of the bigger pockets podcasts and am primarily interested in renting, however, I also don't mind getting my hands dirty and have dabbled in contracting some jobs out myself so may get into flipping as well.My wife and I are big fans of Dave Ramsey and are within about 5 years of paying off our house.

Of course some liabilities are transferred such as judgement liens or HoA fees or water / sewage fees.

I'd have about 150k in pre-tax proceeds (same if used for 1031 transfer) from closing or 130k post tax if I sell regular method.

Seems like a good idea to pay if off and have that cash flow, but on other hand,  seems like more doors would be best for an overall portfolio.       

@Kyle Johnson Transferring the loan from your name is not a problem at all. 

The easiest options i have used are:- go to a bank, put down 20% on a 30/30 loan and transfer it to a single user LLC, make sure they are cool with that transfer prior to purchasing.

My two tenants transfer me the rent via EFT.

Full Price is the high bid plus $195.00 Transfer fee !"...