I'd make sure you both personally conduct your due diligence before pulling the trigger.

As @Bruce Lynn mentioned they probably can't give you all of the proceeds outright without triggering gift taxes but a CPA would be able to tell you more.

If your answer is "nothing", think about what your redline is that would trigger maintenance. 

Thank you all for helping me in this journey and giving me a nudge of confidence to pull the trigger. 

I have been listening to BiggerPockets pod cast for almost two years now and haven’t pulled the trigger yet on a deal.

@Christine Sparks, if you don't plan to pull the trigger for some time, do some research in to "velocity banking."

I usually recommend that folks take the time to visit their top one or two companies before pulling the trigger, just to gut-check their decision.

I haven't actually pulled the trigger on anything just yet because I am at a sort of a brainstorming phase trying to align myself with the best route to take.

You can certainly do it afterwards but there are additional costs to do that and in some cases you can trigger your mortgage (if you have one) to be due before completing the transfer.I also believe when you purchase with LLC financing is a little different.

for me is cash flowing $400 per month. if a property can meet that, I'll pull the trigger to purchase.