Utilities are transferred to the tenant's name and they cover it.

Net sales price is the sales price less closing costs like agent commission, escrow fees, transfer tax, and recording fees.

Just had notice of one that was invalidated because the tax records were never updated when transfer deeds were filed.

I figured rather than being upset at my cost I would transfer the decision making process entirely to my tenants.

@Andreas Mirza @Bobby Sharma All kidding aside, investors don't realize that some of the small suburbs surrounding Chicago have building and transfer restrictions that would make Chicago blush.

There are a couple of things to think about:-Technically, if you have a loan in your name, the lender doesn't want it to be transferred into the LLC.

You will probably pay transfer taxes to do this though. 

Has anyone found a way to transfer property bought with 1031 money and in LLC's name into a family members personal name without paying capital gains tax or what's the best way to go about this that works out for both parties?

The name 'due on sale' is misleading, it is usually a 'due on any kind of transfer of interest clause'.

How have you handled the transfer of all deposits/payments received and the remaining payments received after closing on those future bookings?