They pay a full time maintenance man the equivalent of $50K per year plus benefits--which is pretty decent for our area-- but over the course of a year he generates them $100K+ in profits.I'm still not ready to pull the trigger on it, but I've started experimenting a little with master leasing and subleasing. 

Does this transferring trigger any transfer and recordation tax or any other fee or taxes?

My two cents...Once your partner buys the property via an FHA loan, anything you do to try and add your name to the mortgage or have an LLC take over the mortgage, triggers the due on sale clause.

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single family home with a purchase price of $75K (looking to get $5k in credit for repairs - vacant house) in a nice working class neighborhood.  ARV of $105K, which is conservative since the assessed val...

I think I have a good handle on it and I think now is the time to start actually pulling the trigger.

I believe change in use may trigger it and definitely an addition will.

I feel like I've been doing research and trying to educate myself forever, but now I'm ready to pull the trigger.

On the other hand I have experience first time buyers pull the trigger on the first property they see.

If they want to move from one unit to another, then that triggers a screening like I would for any new tenant.

IF there is a good opportunity, we'll jump, but for now... we're good in just learning and saving, saving, saving for when we're ready to pull the trigger.