@Sanise Hass I am not sure how different Philly is from Pittsburgh but if you do that here you will have to pay transfer tax because you are basically selling the property to another entity.

You can literally transfer the funds to your checking account and gamble it all away.

As long as both parties agree....the property will be transferred as one property despite there being 2 contracts. 

I did tell him I will transfer the permits to his name and as long as he gets 1/3 of the work done in the 1 year , he can extend the permit . ( permits engineering reforest bond etc over $12K already spent ) .

Transfer taxes seems high but I am not familiar with Tampa mkt. prepaids are 2.3k and you should not count them as closing costs.

I too am a Newbie to R/E Investing and just spoke to an online educational company yesterday about studying for my License.

I spoke to a Real Estate Lawyer today who informed me that the LLC can't legally do business, which includes transferring title.  

based on 2019 schedule E, the building's NOI (or rather EBITDA) is more than enough to cover the 80% financing. 

., "326 E Curtin St, Bellefonte, PA 16823")In the search results, click the Zillow property link (e.g., "https://www.zillow.com/homedet...") to go to the Zillow property pageOn the Zillow page, scroll down to the "Price and tax history" section and click the link to "Find assessor info on the county website"The county website page will tell you exactly in which county the property is located.Note: I just tried this and the county website didn't load.

He has made me power of attorney to transfer the deed.