I’ll have to find out for sure.In a sale situation the Vivint contract says he must pay the “Transfer Payment” to buy out of the lease if the prospective buyer (me) refuses or does not qualify to assume the lease.There is also a “Default Payment” clause, which applies if you just stop paying the lease for any reason.

There are also great estate planning strategies that complement asset protection that will lower overall risk and protect investment partners and aide in generational exchange of assets.With two houses, one live in and one rental, they may want to hold the rental in an LLC or trust and planning this at the start makes property transfer easier. 

As part of the 1.5mm of financing,  I'm hoping to assume the mortgage and title of a rental property that I just bought in my personal name and transfer it to my LLC that is doing the exchange. 

It's customary for the Seller to pay the transfer taxes (and inspections for termite, well and septic if you are outside of the city) split the title attorney fees and the seller will pay broker fees.

But there is a way around this problem.The first step is to get your financing in your personal name then use a land trust to execute any transfers into your LLC or Series LLC asset-holding company.

Second: My property manager recommended that I only transfer the utilities into my name instead of setting them up to auto-revert.

I usually estimate 3% for closing costs in the area plus prepaids.You will also find that lenders will often slightly over estimate costs, then they will drop on the final, because if they underestimate they can be in for some doo doo.Also theres going to be some variance here based on lender fees, first time home huyer recordation tax discount, whether or not you buy owners title insurance, if its in an hoa...hoa transfer fee.

Plus there's also the potential risk that a bank *could* call your loan because most mortgages these days have a "due on transfer" clause.

I have an existing LLC, would it make sense to transfer the personal property into the LLC as an Asset to begin the investment portfolio through a business entity and reduce personal liability and being over-leveraged?

Again, you may run into transfer limits with some of those other apps which aren't necessarily designed for the purpose of rent collection but the right landlord software can make this seamless for you.