Fortunately, she has indicated that at her age, she will not need to purchase another home.I assume, I'll need to have her quit-claim the deed, put me as a beneficiary on the insurance, and give my attorney any information and authority necessary to deal with the bank in the future, should there be any problems.Has anyone done this before?

We knew that you had to ensure separate financial records, bank accounts and shouldn't purchase items for the rental properties from our personal accounts.

Banks won’t lend a loan on 10 different llc in a portfolio loan .

That's really going to be a waste of your time.What I do is ask for 6 months of Bank Statements where the rent was paid so I can see if the rent was paid on time.Basically, if they can't give me proof they paid their rent on time, I go on to the next candidate.If you even get a few checks, you can see who got paid if you really want to call the current landlord.However, doing the employment, tenant credit, eviction and background checks along with having them providing Bank Statements corroborates their story of being good, prompt paying tenants.BTW, I'm a NYC Broker/Landlord.... it is REALLY important I don't put in a bad tenant.

Especially in hotter markets like Sacramento.Back during the crash, banks were dying to get this inventory off their books and recoup what they could, and so you could buy them for pennies on the dollar.But eventually banks got hip to the idea that the public started to think REO's were automatically a good deal, and combined with a booming housing market they're selling at full market value now.

I do 20% down, renovate it (3 months), refinance with the same bank with 80% LTV.

Check and see if there is a branch of 1st Bank in your area.

Basic question:I'm trying to get my ducks in a row with banking solutions.

If you are only flipping a handful of houses a year, you can probably get by with a spreadsheet, but here are some important items you need to track/consider for tax season & business management:Tracking Project Expenses & Revenues to calculate your project Net ProfitTracking Assets/LiabilitiesProfit & Loss Statements showing Profitability of each projectTracking how much you paid each vendor/contractor for filing Annual 1099sActual vs Budget Tracking so you can see what repairs were over/under budgetBank reconciliation to make sure your accounting books match your bank statementsProvides a history of the business, so you can track financial progress or pull past financials in case of an Audit

If so, I'd recommend calling more local banks and credit unions.