I'm sure I would have to put some skin in the game and would be able to have a couple hundred thousand available if needed. 

If you don’t have either a recorded ownership, agreement or a mortgage, I don’t think a title/escrow co. would be required to honor it and disburse accordingly at closing.

Know your numbers and have a game plan that makes sense when you show other people.House Hack!

You should come to the BiggerPockets meetup we’re having at Barleys in the old city Nov 30th at 630 pm, it would be cool to have a guy that does Airbnb there to tell us how that game goes.

I'm an active duty US Navy Chief Petty Officer, brand-new BPer and real estate enthusiast, I got turned on to this whole game (and BiggerPockets) at the suggestion of a coworker shortly after I moved to Tampa back in July. 

The sale of membership interest in an LLC does not require a real estate closing with title insurance etc. 

How long have you been on title?

Hopefully, leaving it's unsavory title as "murder capital of America" behind.

If you had the Dad buy it and then buy it from him you would pay transfer taxes and title fees twice 

The point is that only the owner of record can transfer the property or there would be a break in the title chain.Taxes are for accountants.