As far as the rent goes (and I need to talk to an attorney, if you know a good one let me know) but I want to offer a settlement for the tenant.

Typically in PA I have seen transfer tax split between buyer and seller on the settlement statement.

The problem is, he will owe my mother money upon the sale of the house (divorce settlement).

Purchased it through the estate settlement.

I went through the title claim process and was awarded a settlement however I didn’t receive any compensation for my attorney fees, the incremental holding cost required while claim process was in progress and fees involved with new construction as opposed to a flip.

Life settlements, oil\gas, energy\power, etc. etc. 

-Settlement Fee: $595-795 depending which title company you hire to close the transaction-Owner's Title Insurance Policy: Roughly 0.2-0.3% of the purchase price-Recording Fees and other Misc: Another couple hundred dollarsFees that will only be present if you are using a mortgage to purchase the property:-Origination Fee: Varies and is typically represented as a percentage of the loan amount-Lender's title insurance: Another roughly 0.2% of the loan amount-Appraisal: $500-650-Misc Junk Fees: Processing, credit report, flood cert, etc etc etc: A few hundred to a thousand dollars depending on the mortgage companyCosts that are not fees but still need to be settled at closing:-Prepaid interest (if there's a mortgage)-First year insurance premium-Impounds to set up tax and insurance escrow accounts (if there's a mortgage that escrows T&I): A few month's worth of each-Prorated taxes, water, sewer-Heating fuel remaining in tanksWelcome to New Hampshire, and happy investing,Troy

If there is any legal action against your current LLC for any of it's past actions the risk you run is that a judgment  or settlement could impact your current investments - negating the liability protection you were using it for in the first case.

Fixed costs like settlement fee for instance dont drop because the property is cheap.

When you settle, you get a check on the day you sign the settlement.