From title commitment stating LEASEHOLD, to the settlement statement (ground rent escrow/prorations), to notice of ground rent in the closing docs, to the instrument of conveyance been a Deed of Assignment... the issue just has to come up.What we do see happen is if the contract states that the property is to be conveyed in fee simple, the seller can be forced to pay for the redemption... but that is almost always discovered prior to closing.

Title conveys ownership, so the owner would be the LLC.  

This would be the document that conveys the property over to you.

As a buyer of an existing multi-family, do we need to be concerned about "grandfathered" sellers whose rights will not easily convey to the next buyer?

Kudos to the agents on here providing honest advice👍The title co /closing attorney should draft or have the conveyance docs and contract drafted.  

However I want you to have a real idea of the initial cash flow and I do not feel that was being conveyed in the other posts.  

Buyers received the warranty deeds from Oceanpoint/Indy Jax conveying ownership despite contracts being with Clayton Morris and payments made to Morris Invest.

You cannot expect the buyer to be responsible for your incompetence or gross negligence.Based on the conversation here I am aware this might be a little complicated for a title company or title agent to comprehend (apparently) but in just about every state, you have to have the right and ability to sell a property before it can be legally conveyed.

Everyone wants to do everything online, but pics & words don't convey all, so there is still a LOT of value in checking things out in-person and chatting face-to-face.Lookup STR's online and then GO and see them yourself.

The lender will hold the collateral over the redemption period and they won't convey title, can't.