always ask sellers do you have anything else to sell.Somebody approached me, who was being job transferred 2,000 miles away.

I live in California where the Democrat policies have been in full force for 60 years, with massive government funded programs that give our tax dollars to pedophiles, ex cons, drug addicts and alocoholics under the guise of disability, free educations and priority to illegal immigrants, government unions demanding unsustainable benefits and wages, higher taxes a constant theme on our ballots, environmental regulations that require 8 different grades of gasoline throughout the state (which raises prices), hundreds of thousands of acres of farmland that cannot be farmed due to the Dems putting water for smelt over farmers, car registration fees so high that many lower and mid income people (especially the unemployed) are losing their vehicles, a community college system that is so top heavy it now takes 4 years for kids to finish a 2 year program for transfer to a university, and much much more.

The banker even told me I could transfer the properties into my name and then after the loan closes deed it back to the LLC.

If the trust doesn't have any restrictions on the disposition of the house, for example it doesn't say the house must get donated to charity, then the successor trustee(s) may do what they wish with the property, such as transfer the title to your mother.This is way over my head as a non-attorney, but hopefully I've pointed you in the correct direction.

If so, from a tax perspective, when is that income realized... when the deposit is made (or transferred) or when the security deposit account is closed out when the lease expires/tenant leaves?

I know the prevailing wisdom is that you should hold the property in an LLC, but then you have to get commercial financing, and I hear that transferring into an LLC later is a risky process.

He wanted the house, but wouldn't be in town for another week when his company transferred him and asked me if I could hold the house for him.

Would it be worth it to pay for the 3% auto loans and 0% balance transferred cc's to free up cash for this new home?

There might be some way where you could transfer up your annual limit of value in to your IRA each year but you would need a current value and subtract that value and would be very costly doing appraisals each year as well as I think easy transaction to cause your IRA to lose it's tax deferrred status if done wrong.

Lisa Kennelly:Do you use Interac e-Transfers as all?