When the tenant moves-out we transfer their security deposit to the -7 account.

Buying tru a Bank Trust is the safest way to invest, many Mexican citizens also prefer to use a Fideicomiso because no one can seize their property, The Government  can seize your property only by Eminent Domain, same as the US and other countries, and if you pass the property is transfered to your beneficiaries without having to present a Will. 

"Can a Buyer Assign or Transfer Rights in Florida Real Property to Third Person Before Closing?

I'm an investor in Ohio and I just learned that the "good funds" law changes as of tomorrow requiring, primarily, that funds brought to closing be in the form of a wire transfer.  

Ask you to wire a transaction fee (mine was $500) to a loan agent that they have, can provide you with identification if asked (still could be fake/stolen), can't find them on social media or have credibility of friends/colleagues, communication is difficult on the phone, can provide wrong account numbers of individual that is on a real bank spread sheet (had to go to chase to confirm), say that they need $2600.00 (other half they paid) for the bank transfer be completed from the IMF (international money fund).

Now, if you avoid having any debt service costs, then that makes it a bit better.As to the post by @Corey Dorsa, I am not 100% sure of the laws in NJ, but in CA and many other states, one can not legally file a mechanics lien without having a valid contractors license and specifically in CA, that contractor must also meet other specific criteria to be allowed to file a legit mechanics lien.What I would do n this case would be to have the family member/seller sell the property to you with title transferring and have owner carried financing at a super low rate, say 1% for a one year term, then you have all legal rights and title to the property, can legally do the rehab as the owner, then sell the property, pay off the family member and keep your spread.

Maybe if I give some real numbers it’ll help.The building I leased for $107k, and will own at the end of the term.I currently owe around $65k.I want to use the equity in the building as the down payment and transfer the title into ABC, LLC.I want to rent the building to XYZ, LLC (which is the current business in the building and has been for 5 years, and is a real business) for $2600/month.

Also, you can manage that LLC, be paid, earn your way in over time, but if you remove that seller from the LLC entirely as the owner of that property and the loan is made to the LLC and that "seller" a beneficial interest has been transferred and the lender may call your loan due, the "seller" needs to be in the LLC, but doesn't have to be active.Refinancing is a different animal than buying, the LTV for a cash out refi will be lower, 70/60 maybe 50% with a bank, if they will do it at all. 

Think if pictures for example had blockchain security so that they couldn't be appropriated by rogue websites.....or that properties could be assigned code so that title search and transfer was more secure (and significantly less costly.)   

Are we in agreement that the existing management agreement transfers to the new owner?