Ask the tenant to have the services transferred to you during any vacancy, or you tell them yourself-we do that just to be sure.

We are looking at selling a flip property but it will likely take 3 months to close on that property and take money from the sale.We are also looking at another rental property that woudl likely close before the flip property will.The question is, is there a way to transfer the profit on the flip property to the rental property of the rental closes before the flip property does?

It may be frustrating to know that you'll have big ticket items coming, but consider it your version of philanthropy to the city.You take a less than beautiful home, and through quality ownership, make it a better part of the community.

Anyone who had a current STR would be grandfathered in, and this would include us as we would be able to get the current owner’s permit transferred to us.

Thank you in advance for anyone willing to share how they approach these instances.Nick Zasowski- Transferring a property is very easy and fairly cheap.

@Charles Carillo raised one issue.The other is attempting to save money on transfer taxes by purchasing the business via an unrecorded agreement rather than the land via a recorded deed. 

Obviously these all all things we will discuss and agree on but we need to make sure we are considering all factors when drawing up  our agreements or structuring our business.Is it even a possibility to start an LLC and obtain a mortgage without them calling it due when its transferred?

We are looking for feedback on how to properly execute this deal with the private investor where he has ownership in the deal?

So to my questions: what is the best way to transfer ownership of my building (I ask because a lawyer that I spoke to said that I must sell it to the LLC for what is considered a reasonable amount, is this true or partially, or is there abetter way to do this?

I believe in all likelihood the property is in probate seeing that ownership hasn’t been updated on the public records site.