I know I can use google and search for them, but would rather hear first hand experiences.Much appreciated!

One of his CD's matured, and he wants to transfer his funds to a new bank which at the time was offering 18% interest while everyone is offering 16%.

Like I said, the Trust Documents are in the hands of Phil, or the successor.

It's not investing (once more for the people in the back - flipping is not investing, it's a business)You can be as hands on or hands off as you like, but it's still a business. 

When an employer transferred me to a different facility 30 miles away once, I was able to transfer to another apartment with the same landlord to be closer to my new job (the cleaning deposit transferred smoothly and the 30-day notice to vacate was waived).

Perhaps ask yourself, which location offers more profits and longer term returns on average and or which location would you rather have to get your hands dirty with, not literally.

My current goals are to build passive income by entering REI by multi-family house hacking and acquiring a handful of buy and hold properties over the coming years.

If they only sell the equity portion and leave the existing mortgage, the transfer on title could trigger an automatic default by the lender.  

Being a Realtor I get to enjoy the benefits of learning the market trends and experiencing hands on transactions ,but there is still so much more to learn!!!

Also, can you and should you just transfer all of your funds into one bank account to make it easier for the banks to verify your cash?