If you think you will go FHA and then Quit Claim the property, to a LLC you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

It's a large risk with little upside if you aren't in a tremendous equity position and flush with cash in case they call it due after finding the title transferred.

He also told me that after 8 months we can transfer the line into the business name.  

I am running into that same issue but did find the user guide for the data file on the states website which breaks down the definition of each code found in the columns themselves.

However, I also asked what percentage should I expect to be bad data.

He also has some online software that will comb through all the data and just present you with a list of likely candidates. https://www.distressedpro.com/Hope this helps,Les

It's not an exact science and there is not a lot of data out there, but at least you will obtain a point of reference.

Thank you @Todd Burton and @Alain Perez-MajulJust want to post some observations, not looking to disagree with anybody, but just looking at data here.

My plan is to split up this 5 acre parcel into 5 separate sections of a Family Transfer so that each one of my immediate family gets a piece and we don't have to go through regular laws of subdividing, which would be even more costly.

I'm trying to figure out how I can transfer these skills specifically to REI - at the moment, I just believe I'm too new at all this and when the right course/opportunity presents itself, I'll know.