All this is in regards to a house being sold in Panama if I am correct.

. • Recent paystubs from verifiable employer • Tax return copies for self-employed applicants. • Proof of regular investment earnings, social security or other form of governmental rental supplement. • Any additional sources of income that applicant wishes to disclose (i.e. child or spousal support, trust income, financial reserves, etc…). • Any rental subsidies which you wish us to consider.

So a seller willing to give you a flexible closing date on your purchase until you sell you can get your old property sold is a very good thing for you. 

To see if the expense of a rehab is worth doing look at sold listings near the property and compare bedrooms and comps of three bedrooms VS four bedrooms. 

@Vivek Shah, if your mortgages have been sold to Fannie, they explicitly allow transfer of title to a LLC.

When you sell the loan,  assuming you sell it at par (amount owed), there is no gain on that sale because you sold it at your cost basis.    

BTW, we sold the rental because we couldn't get insurance on it that covered our interest.

I'm trying to determine the value of the property but the most recent comp was sold almost two years ago.

I would like to avoid being taxed on the trust property being sold to the benefit of my LLC owned by my IRA ( but the the 590X forms are a bit tricky.Escrow is closing in a week and I really need to speak to someone right away!

He handed me my requested deposit/earnest money of 5k which was % of "fee" and the signed and original Assignment contract (copy to him).