All the while they are hopefully able to utilize the tax benefits from home ownership, develop equity via appreciation or debt pay down, and gain experience or knowledge as a landlord.  

In that situation, doing a new move in inspection when you take ownership is the best you can do to protect yourself from any additional damage prior to them moving on. 

@Brian Higa  The LLC is not an issue as long as the borrower's have joint or individual ownership of 100%.  

You are prohibited from taking ownership of the property and subsequently engaging in the repairs as that would not work. 

We are looking to refinance properties after being rented for 3 months and pay fees under $3,000. Rates should also be between 3-5%. Any ideas where to search for this? What are some key words we need to search on goo...

Maybe you can take everyone that has sold in the last 6-12 months, and calculate the average time of home ownership.

Those are two separate institutions and chances are the entity which has legal ownership of your loan also holds the note which will not bear either Fannie or Freddie's name in whole or in part.  

This usually involves recording the new ownership with the local government and maybe even updating the trust documents.You should keep in mind that purchasing property in a trust may be a little more complicated than buying a typical property, but you may do it successfully with time, good communication, and possibly some expert assistance.

-It's my job to get the repairs done as quickly as possible so I can close the deal-Have the buyer get involved in the repairs and upgrades because it's their house so that they can take mental and emotional ownership the more they are emotionally involved in making it "their home" the more copperative they'll be if any problems arise.

it's complete ownership of the property - just make sure it's a TOWN HOUSE and not a condo or worse - co op.each of these had different forms of ownership.