Starting an LLC for a property I own in my name (out of state)

[Will Gates]

Currently my wife and I have properties in TN and AL. We live in TN. We don't own an LLC yet for either state but want to soon and we think we will have to have two LLCs, one for Tennessee and one for Alabama?

I’ve got a house in AL that I own outright no mortgage and have to now wait until I can refinance on it (deferred financing route ended up not working -not able to loan low enough).

So the question is..should I create an LLC in Alabama and quit claim the title from me to the new LLC?

That way the LLC builds income and credibility with rental income?

Can I eventually refinance in the LLc name or would it have to be in my personal name?

Would the LLC impact my insurance or cause some issues or would I just need to have them change it?

Thanks!