Also have a few bank accounts which money is automatically transferred come every payday.

My property manager confirmed to me they check the property on weekly basis to see if tenant moves out, if so, they will transfer utilities under their name and make sure heat is on to prevent pipes frozen.  

As far as compliance and coaching that is a process that can be dealt with on an outsourced basis as much as it would be with a internal employee, and we have our servicer to fall back upon on items that cannot meet compliance issues with an outsourced asset.

The paperwork and the money transfer into my account was painless and easy.

Just transferring a paid off property from one entity to another 

I'm looking to begin investing in multifamily homes, two homes one lot or  three unit or four unit buildings\houses to create some passive income.i started a LLC last year based in Maryland do i need to transfer the LLC to Virginia?

Do i just transfer deed and then deal with the lender?

Is it too late to create the LLC now and then transfer the property into the LLC through a quit claim deed before the sell?

John - did the foreclosure process conclude prior to BK filing and only the transfer of deed remained, or did the BK filing precede foreclosure conclusion? 

For a flip property you should do whatever you feel is necessary to close the deal and transfer all liability.