To get a first mortgage you have to own it, title must transfer now.  

You might have to close a deal under a personal name and then to the entity it can be transfered.  

Does that get transferred to me at closing?

I have had tenants deposit the rent directly into my bank account and the current tenant is banking with the same bank I use so they just transfer the rent every month at the beginning of the month. 

I think this will be a very good deal for us, but since this is our first deal, I have many questions:* Are we able to transfer the title with the taxes still due, or do we have to pay them first?

I have three properties myself and try not to keep much in the accounts. as of right now i do not draw a salary . i leave some money in the account for emergency than transfer out the rest into an account to pay personal bills or to put towards my next investment, so i take a payment every 4 months of whats left after a certain balance is left in the account

Others are going to chime in and say"sure you can" and get into transferring interest in LLC's, land trusts, etc.  

Lee:Once upon a time that was a practice used - mostly with commercial real estate - to be able to sell a property along with its current financing and to avoid transfer levies; property tax reassessments, etc.These days the due on sale wording used by lenders includes "change of control" in addition to change in ownership.  

That will be the nitty gritty of the loan terms, defaults etc etc..just like when you buy a house with a bank mortgage.As far as deeds, they are buying the house, so you transfer deed to them.  

Simple answerAtt'y calls buyer into office....after he prepares docs via terms we sent to att'y.....I charge the BUYER 500/closing cosr for att'y fees. upon buyer getting traditional financing...a normal closing occurs for property transfer via std title company.....Go get um!