This is a last minute transfer and  until he gets acclimated  to the area he is looking for a room to rent.   

My guess is the other software products also offer similar features but I have no first hand knowledge. 

I agreed figuring a bird in the hand is worth two in the bush.  

lol  I totally agree with them, except for the going Pro part, wait until the next webinar (Wednesday) as he's been handing out discounts for Pro memberships at the webinars. 

My question is: since we are both already on title, which of the following best describes our situation:  (Note: no money is being exchanged and he will not be living in the property) A gift among family members where no money is exchanged A transfer among family members where only nominal consideration is given 

Most are suggesting to take it out of the llc to get a 30 year with better terms and then transfer it over to the llc later.

As long as the title is transferred to the buyer and the mortgage remains in the seller's name, it's a "classic" SUB2 deal.

I met with a mortgage originator at one of the large bank in Minnesota today who told me that a transfer of a property under a LLC would trigger the due at sale/transfer clause.

If you already own investment properties, you have to show reserves for those, too.If you're going to own a rental, it is essential that you have cash on hand for big expenses that have a way of popping up.  

On the other hand, if it’s an all cash purchase, you can choose whether or not to get an appraisal.