Question on LLC ownership

[Patrick Coffey]

Hey all,

So I am looking at purchasing my first rental property. Being from Mass, I have the ability to take a "FHA" type loan out, but with that I would need the loan in my name, and I would need to stay in the property for the first year. My question is as follows:

How can I take advantage of the tax benefits and asset protection of an LLC, while keeping the property under my personal name as I can't take the mortgage out as a business. Would it be possible to sub-lease this property to my LLC and have the tenants pay my LLC and use the business funds to pay for upgrades to the home? Or do I just hold it in my personal name until I can refinance and then get the traditional refi put to my LLC? Or is it possible to have a mortgage in my name while putting the deed in my LLC's name? I'm still learning the intricacies of how this works so any advice or even any idea who might be able to answer? (Lawyer, CPA, ETC?)

Please let me know.

Thanks all!!