The trustee will question her about non-exempt property she may own, if she has made any payments to creditors or transferred any money or property prior to her bankruptcy that the trustee can get back to liquidate. 

Do I just call the title company and say I am setting up a sub-2 and they will do as you said by transferring the deed to me and keeping the loan in the original owner’s name?

Abbey :) Sounds like a lot of red tape just to get funded.

As a result, $883 million of Alt-A loans previously held for sale (including $808 million of first mortgage loans and $75 million of second mortgage loans) were transferred in March [2007] to M&T's held-for-investment residential mortgage loan portfolio.In addition, M&T is contractually obligated to repurchase previously sold Alt-A loans that do not ultimately meet investor sale criteria, including instances when mortgagors fail to make timely payments during the first 90 days subsequent to the sale date.

I am assuming what he does is purchase the property in his name, then do a Quit Claim Deed to transfer the property to the company.

But I've heard it from a couple of different people that if you do a transfer like that there is a chance the mortgage company could make the amount due immediately.

You have a problem.You are talking about multiple investors in 1 LLC plus yourself.If you took out a loan in your name and then transfered the property title you would gain some liability protection (other than to the lender).

They own the property until they die, then the property automatically transfers to whoever is the "Remainderman" I have no idea if there is a benefit in your situation but it might be worth checking out.

Most states have laws on the transfer of property where below a certain limit no probate is needed. 

IRA buys units of the LLC and funds are transferred into LLC's checking account.