I just don't know if it's possible to transfer the property to the LLC for ownership.

They may also prohibit any change of ownership within a certain time, so you may have to hold it for that time period before selling.

thanks @Mike Hurney the apartments are definitely under market, but not sure if I'm going to bring it up right when I hold ownership.

You do need to check the current ownership.

To get the existing financing and the pay off I generally say something like this:" So the banks going to take your house and give me nothing in the moment and just a few days, I need at least seven days to be able to solve the problem, so I would need to see all the paperwork on the property, the paperwork from the attorney on the foreclosure, then I need to contact them for pay off and find out how much all the fees are including the late fees and the legal fees""If you want to protect your credit rating from a foreclosure on your credit rating, which stops you from getting any other government loans or even might even stop you from getting a government job, let's sit down and look at all the numbers and see what I can do to quickly solve your problem " And then I make sure that when I walk through the property everyone that is on the mortgage and everyone that is on the title of ownership of property is present,  so that I can get some kind of sale and purchase agreement, written signed, and notarized.

I was thinking wholesaling properties from seller to the would be buyer, and technically, you would not have "ownership" in that house if the transaction is going to the would be buyer.

For the most part, we have been attracting clients that want to grow out of the 1-4 unit ownership and go bigger.

It will be in default due to the change in ownership, if not also because the prior owner likely wasn't paying the first note.

I am new to real estate investing other than home ownership.

(What is critical and completely necessary to the process of transferring ownership that has to be done ONLY by a title company or an attorney?).