In general, their 'costs' are paid from the sales proceeds and they leave closing with a check or other monetary instrument (like a wire transfer......I'm sure real cash has been used from time to time, maybe bitcoin....you get the idea, something worth liquid money). 

Hello Micheal, Typically, if you want to transfer your current property from a primary residence to a LLC you would pay a Realty transfer tax. 

When you first start out having a pro forma and re-examining it annually could be enlightening.At closing make sure deposits are transferred.  

I am currently working in Waterford Wisconsin for a Management Consulting company researching real estate  for large companies that are transferring employees.

We stay with our borrowers through out every step of the commercial lending process to ensure the loan closes properly and in a timely fashion. 11 Capital Finance personally handles all title insurance issues, property insurance issues and does all of the coordinating with every party involved in the transaction for our clients.

Hello all, I landed a deal in Upton MA, with property valued at very conservatively 900K, the seller is asking 800K, my goal is to get it around 700K by assuming their existing loan and transferring the deed in my name.

Therefore, they suggested I leave my rental in my name, get the refinance done, and then transfer the property into the LLC.  

hahahHowever, when a tenant moves out and you are justifiably keeping all or a portion of the deposit, when they move out you need to transfer those funds to your operations account to keep it all sperate.

It is essential that when choosing tenants for a B class property that you choose the very best and it is short sighted to not realise that low credit scores are a indication of some level of irresponsibility that will likely transfer to everything about their life style.Usually, not always, those with good scores do not live like pigs...it all translates to attitude which is what you are seeking with good tenants.....good attitudes, responsible individuals.