I’ve personally used Ally and Amex HYSAs — rates float a bit, but it’s painless to transfer rent income in and out.

However, keep in mind that in some states including mine (PA) that you get hit with property transfer tax twice.

Would that only be a tool when transferring property as an estate after you die?

Coordinating with an estate planner is critical to ensure the transfer doesn’t inadvertently create a taxable event or complicate Medicaid planning.Refinancing / BRRRR strategy: Using the gifted property to refinance and fund another property can work, but you need to make sure lenders are comfortable with the structure.

Furthermore, virtually every time the loan is purchased on a property with Multiple insurance policies, the insurance info does not accurately transfer to the buyer of the loan.  

Is it worth it to do go the DSCR route and putting loan in the LLC name with higher rates or should we just put loan in our personal names (and transfer title after the closing to the LLC)??

Once your dad passed, that entitlement doesn’t transfer to heirs, so you can’t just “keep” the 3.6% note the way it is.

Transfer of name will be done via BP Support team.

Reply here if interested, please.I'll transfer to your name via the Bigger Pockets support team upon payment receipt.Thank you!

Transfer of ownership?