What a great analogy lol Not decided on that strategy, just researching about that specific one.The main reason was because a land trust can be a co signee on a conventional loan and can help with transferring the conventional loan to an LLC later one without triggering the due on sale clause

Also they remove the need for a chimney and individual water heaters since the exhaust is essentially moisture. our HVAC does most of their work in the city if you want contact info- He's installed 3 for us just this last year lol In basic terms It would involve:-Permits / approval-Additional Meters X 3 (all thru UGI, they coordinate with contractor)-3 additional units to accommodate each apartment.

We charge one month rent and one month security deposit before move in (make sure payments have cleared before turning over keys)  One month security is max allowable by Delaware Landlord Tenant code.If they have a pet you can charge a pet deposit (again, by state code, DE you can charge up to 1 month rent)If separately metered utilities, make sure they've transferred them into their name by providing account numbers and also a copy of their renter insurance before move in.Good luck!

@Andrew Jessup It's extremely common for the family trust to initially own the real property and then to transfer ownership into an LLC for additional liability protection, with the LLC owned by the family trust. 

I just coordinated two RE deals for investor clients of mine in Delaware County. 

I closed anyways as it was a purchase but if was a refinance I would of cancelled and used another lender, the appraisal you can typically transfer FYI.

You can transfer the rental to an LLC after the purchase, though this may trigger the due-on-sale clause, so check with your lender.This post does not create a CPA-Client relationship.

Oil Refining Capacity transfers through the Port of Mobile, which ranks the port as 10th in the U.S. for imports and total foreign trade, with a $10 billion impact on the local economy.- Walmart has just opened up a brand new distribution center consisting of 2.6 million square feet, and provides more than 750 new jobs.Economic Information -The City of Mobile has seen extensive revitalization and tremendous economic growth:Business/Corporate Sector- Construction of a new Airbus jet assembly line at the Mobile Aeroplex at Brookley should move forward rapidly during the coming year.

IF we sold it, assume 10% for agent, transfer fee, etc to sell.

After paying the tax, you can transfer the proceeds to your partner.However, Technically you should have filed partnership tax return where he would have recognized his portion of yearly activities and sale at the end.This post does not create a CPA-Client relationship.