It's also possible the appraisal can be transferred if the next lender is willing to do so.

Any reason I wouldn't want to have the property transferred this way?

Jerry is correct that you have to be aware, but not concerned, of the possibility of a bankruptcy "claw back" as described in 11 U.S.C section 547 of the Bankruptcy Code for preferential transfers, if the transfer was made within 90 days earlier of the filing of a bankruptcy.

When she moves out, transfer title to yourself and satisfy your mortgage. 

Creative financing is just that-creativeto me that is acquiring a property without any conventional meansdepending on the property make up and the seller is how to get creativethere are types of loans you can acquire or transfer ownership onthere are sellers that will sell with a balloon in a few yearsthere are sellers that will sell with little or no money downthese are the properties the professionals do not know about or have never done a deal onyou have to get out and look for this type of property you will not find them on the MLS or the internethope this helpsenjoy

The problem was the mortgage and car loans, car insurance which ate up half the budget.We were from NYC, and job transferred to NJ, In NYC, we can ditch the cars, live in a 3 family.

I was moving from one state to another and needed housing lined up before I got there for a job transfer.

I have a lender who has told me I can do that on some houses I own that they loaned on as long as I don't transfer the deed. 

the faster and more cost efficient you can make a process, the happier your owners will be- discuss maintenance budgets with the owner- since you are working with short term rentals, include in the lease proper verbiage about things like early termination, turnover processes, deposits and utility transfers

The plan is to refinance the other properties once the rates fall again, and transfer the deeds to the LLC, but right now, that is not an option.