There is a lot more to the LLC question - when to do it, how to do it, current mortgage, proper transfer to preserve title insurance chain, DOS, future financing, management, distribution of properties per entity, insurance, partners, etc. - stuff barely touched in current thread.Here is a diagram to help you on your quest: asspro-cya-diagram

However, your tenant should still be capable of submitting a transfer to your bank account. 

I am completely unfamiliar with how a tenant transfer happens and can't find a whole lot other than we inherit any current leases along with our tenants. 

This creates a transfer of wealth from the lender (bank) to the debtor (you). 

All utilities are still in my mother's name as well, and I am just now in the process of having the deed transfered to my name as soon as I finalize estate duties.

Took about 20 mins for me to transfer to someone else.

Need advice on the best way to transfer the home from their name to our business/corporation name that's beneficial to both parties. 

I have about 11k saved in a high-yield savings account, and am expecting to promote and transfer in the next 1-2 years.

@Toan LeCozy has been working out great for me, takes a little longer to get the money transferred but I’m ok with that!

Things like transferring the loan from one company to another or that someone has a POA to do something are often missing.