They do say that they will transfer the deed to Special Warranty deeds.Can someone please explain me what’s going on?

Seems like it would have been preferable to do a wire transfer/bank transfer  instead of write a check 😀

The Warren Group (www.thewarrengroup.com), which tracks ALL recorded sales/transfers from each municipality in the state.

This meant we had to move very quickly to finalize investor and loan agreements, receive wire transfers of equity contributions, and provide the bank with necessary documents from vendors and consultants who would assist in the build.

Here is a long hand template that I'll use:= Analyze Deals: Identify: Property Price: Acquire: Down Payment Closing Cost Loan Transfer Stamps Taxes: Rehab Estimate: After repair value: Income: Monthly Gross: Rent Parking Washer/ Dryer Storage Advertising Expenses: {Fixed} Taxes Electricity Water & Sewer PMI Garbage HOA’s Insurance {$100} Expenses: {Variable} Vacancy {5-10%} Repairs and Maintenance {8%} Cap Ex - {Capital Expenditures} {8%} Management {10%} {Optional} Future Assumptions: Annual Income Growth: {2%} Annual PV Growth: {2%} Annual Expenses Growth: {2%} Sales Expenses: {9%} Totals: Monthly Expenses: Monthly Cash Flow: Monthly Income: ______________ Total Cash Needed: Cash On Cash Return: ROI: Cap Rate:

Do you have any idea where you are being transferred?  

If you can't avoid it or transfer it, purchase insurance to cover you in the event of a risk. 

Creating an LLC to transfer the property into and looking to build credit/ establish the loan via the LLC.  

The less you outsource, the more learning and hands-on you can be.Even if you do end up managing yourself, I would recommend setting aside 10% of rents to "pay" yourself as the property manager, ensure you are indeed walking into a good deal, and to set yourself up for transferring the properties to a property manager if you did want to end up doing that one day.there are some good alternatives and "in-between" things you can do, like using a tool like hemlane.

If they sign over a simple quit claim they are just transferring *their* ownership interest in the property.