I hope you can get a visa.

My question is what is the best way to do this, refinance first under my name then transfer to the LLC or visa-versa?

Lease option holders generally do take better care of the property, and of course you get a larger down payment and hopefully if you have a 5-7 year balloon, you can sell the house at an inflated price or they move out and you start over. 

There is a calculation performed each year based on the account value and an age factor (perhaps yours, perhaps the deceased original account holder depending on certain variables). 

Usually someone who has purchased with Roofstock can refer you and then you can create an account and purchase which will make you eligible for the $1000 visa gift card.

@Jenson Buttwerworth & @John WarrenWhat John describes is called equity stripping and can be done through various ways - one is getting a LOC, another is having an LLC you own "lend" to you...the end result you end up with a lien on the property showing a lien holder with a note/mortgage for the X amount, thus signaling less equity available in the property, but not necessary with the actual debt (as long you don't draw from the LOC).But then again, that is a question of risk threshold and asset protection (and a reason to move them into an LLC), not an answer to leveraged or unleveraged question.

Or someone would need to negotiate with the lien holders to get a reduced payoff.If you want to offer the deal here you will need to post in the Marketplace.

Nothing in the sales contract about livestock...What should I watch out for as a note holder?

If you are supplying the funds, then I would probably try to get added on as a lien holder on the property.

All 50 states have language written into their state statutes that require insurance companies to make loans to their policy holders secured by the cash value of those policies.