The process of transferring the panels over to the new owner is a pain and it will make it more difficult to sell your home.

The feeling I get is that these are all paid off or almost paid off, and he is looking for; to save realtor fees, to have a reliable income stream to compliment his other investments, spread out taxes.

Helton thanks for the advice, I'm mainly looking for LLC formation and then transfer of title from individual to LLC, tenant contract legal review.

It’d be amazing to keep the property in the family if possible and remove the burden of the home from her if there was a creative way to transfer it into our names without paying for the higher property taxes and pay her what she deserves for the home.Do you know of any creative solutions or have you heard of a situation like this?

Am I crazy to expect a VA to have knowledge of how to transfer the information and manage the CRM right off the bat, or would I have to have a good understanding of how to run the CRM prior to handing it off.

The seller said he will create a new llc and transfer the property to that llc, then I can buy the llc.

@Jaleel Phillips I don’t believe those are reliable comps.

Also, security deposits will be transferred to you, as you will be assuming responsibilities as landlord.

Update after one week: Closing purchase costs came in around $8,000:$4,500 in lender fees/points $2500 in title/legal work (including multi-member LLC creation) $1000 transfer feesOur total cash outlay up to this point is $18,523 and we owe a note of $119,283 at 9.375%. 

Geez when a tenant initiated payment it takes a week or more for it to clear then 3 days to transfer it to my account.