If you're trying to entice a seller to sell "on terms" (seller financing to you), then you might let them know how a licensed loan servicer could make their life easy by collecting payments on their behalf, transferring proceeds directly to their checking account, issuing monthly statements and sending annual tax filings.

Title is transferred when consideration is received and a warranty deed executed and handed over to buyer.

I have property held in a LLC and I like to do a cash out refi without transferring it out of the LLC in order to make it happen.

Does the seller get to keep rent for the entire month even when he no longer owns the house, or should he transfer the prorated rent to us during / before closing?

The quid pro quo here is that I can generate warm leads for you, and pass you the lead sheets with detailed notes, or live transfer. and you will be helping a small business get its wings. 

Since a sponsor is typically the "back bone" of the GP I'm assuming they will be receiving a higher percent ownership correct?

Finally, I schedule a walk-through with the tenant during the first 7-10 days of ownership so I can document the condition with pictures, talk to the tenant about maintenance issues, or project improvements during the next turnover.

Because of how the house was transferred to us in December, we're not sure a 1031 exchange will work though we're looking into it.As for what we're looking for.

I plan to transfer the property to a TX LLC for purposes of liability protection not too long after closing.

After all move-in requirements have been met and a lease for the property completed, the Deposit to Hold will transfer to the security deposit to be held throughout the tenant’s entire tenancy.