How do you transfer ownership of a paid-off property from a person to a business, and is this smart to do?

So my grandfather's Self Directed IRA has a few mortgages on properties throughout the state of Florida and he suggested to me that I try to transfer or liquidate the notes sooner rather than later.

When offering up owner financing, does the title transfer to you and the previous owner is just like a bank with him/her  being first lienholder on the property until you've satisfied the debt?

This should be a tax-exempt quitclaim deed transfer in most states since the Grantor (me) is still 100% in control of the property and has the power to revoke the land trust.3.

Make sure to give them information on how to transfer any utilities they are responsible for.

Once you close on the home with the bank you can then transfer the home into the LLC via a quit claim transfer.

Title transferred.

And you can go on title as a tenant in common with your mom - as long as her % TIC ownership is enough to absorb her reinvestment requirements. 

This would allow you to tap into the equity to be able to utilize it, while still maintaining ownership and living in your new home.

Does anyone know where I can find a checklist of all the things I need to do before taking ownership of a 14 unit apartment building?