Your contract called for the seller to transfer any deposits he was holding.

If you hold your membership interest in said LLC via your Trust, then upon your passing, your interest passes according to the Trust agreement.

I would like to learn more about investing in rental properties and in buying and holding plan. 

HI Michael, So that 2 yr property management holds true for some lenders like wells fargo ( I just left there) but where I'm at now no you dont need it. what we would do if you dont have a lease agreement already lined up is order a investment property appraisal and the appraiser would determine what the rental market is there. if that doesn't work we have a portfolio lender as a plan B that will most likely do it as they don't play by fannie and freddies rules. 

For the rehab, I like the idea of vinyl plank flooring, semi-gloss paint (because I've heard some people say it holds up better with tenants), new cabinets, counter-tops, appliances, popcorn ceiling removal,  light fixtures, new water heater, fans, new windows. and something to put on the concrete that kills bad odors.What would you do?

Depending on how long you decide to hold the the property it should be worth it.

Rather I'd prefer to hold property and gain from it on a monthly basis.I know it's more complicated from that, which is why I want to learn.So basically, I'd like to know if you have any specific material for off-country investment, vacation property that may only work half the year (In Crete, I understand the island is not active during the winter), management, and biographies/success stories/mistake stories of such cases.I type as I think, so I might be all over the place, apologies for that.Thank you very much!

Which option would you choose if you only had $60k to invest and plan to build a portfolio of buy and hold properties?

hi! just starting out on my REI journey and am in the learning phase. Looking to get into REI for the cash flow to diversify my income streams and get to financial independence quicker. My husband & I are pursuing...

- Any tips or lessons learned for this type of project: I am typically a buy-and-hold kind of person and this is my first construction project.Thank youMo