For example you didn't mention paying taxes on the transfer.

Her question was Concerning closing costs with a contract, who pays Recording Fee, Escrow Fee, Transfer Tax Fee, possible Attorney Fee, pro-rated property tax, etc ...? 

We would then create a new LLC for our personal training business, and a third LLC to transfer the property deed to. 

If you accepted a deal at $320,000.You will prolly net around $290,000 if you factor in realtor fees, transfer taxes, title costs, etcThat means you will lose $80,000 on the deal($370,000 less $290,000).I am a little skeptical that you will make up for the $80,000 on a new deal.

Transferring FROM my LLC to my personal name in order to do a HELOC, what are the pros/cons.

I spent a good portion of my time on the work site learning from the GC -- I got a good idea of how to do inspections, how to schedule subs, how to coordinate works between subs, etc.

After your 4-5 property(s) then transfer to LLC.

I'm trying to get a job transfer so I have a full time job waiting for me there.

Last year I transferred (QCD) the properties from personal name to LLC so I added LLC as insured on those policies. 

Great job by Franco, our construction coordinator, and WhiteHaven Construction guys!