All deposits over 50% your monthly income need to be sourced, you can make some small deposits or yes you can use gift funds, bear in mind that most lenders will require proof money came from donor acct to you and that donor had the funds before he gifted, basically you cannot have a similar deposit few days before the transfer as we require a bank stm from the donor.

I also see $42 for someone to have had gone to the property to wait for the utility company to stop over to transfer the account to their name.

They are the Experts in transferring title.Good luck.

Does the owner of this LLC have to record a new Grant Deed to transfer the property?

And I also don't believe they would stay 8-10% caps after transferring ownership.

We will not share confidential or proprietary information regarding potential deals but competition is not a concern of successful developers.

When will the property be transferred into your name?

I just transferred my mutual fund IRA to a self-directed IRA, so I can get more properties. 

For example, could they transfer the home from their name to an llc just to record a higher sales price for comps?  

theyll help you with estimating what it might cost per unit)-actually visit the property (with someone knowledgeable) and assess the condition of the expensive items (roofing, heating/ac systems, foundations, plumbing/elec, etc).some of these things will most likely be req'd by whoever your lender is anyways. of course some sellers wont oblige the requests for such detailed info until theyre confident in your offer/ability to purchasealso, sometimes people only look at their buying plan. you want to have a further view and have a plan on exiting (selling it when youre done). how you finance it can impact this because youll want financing that's favorable not only to yourself but to a future buyer as well.being able to sell it off as easy as possible is an advantage and you should always think how you can approach a property thinking "how can my actions help the property be worth more in the future and ease such a sale/transfer when im done?"