Moving Properties to LLC's

[Yuuj V.]

Good Morning BP Community!

I am in a predicament with 3 SFH's I have mortgages on.

I asked all mortgage companies if I can move the properties to LLC's. All my properties are in different states, (OH, IL, LA)

For sake of ease, House IL, House OH, and House LA

House IL Mortgage said I can submit paperwork to transfer to an LLC at no additional cost. I am positive I will need to do a quitclaim deed to transfer the property to an LLC once that is established.

House OH Mortgage said I would have to refinance into an LLC. Again, assuming I would need to quitclaim deed the house to the LLC.

House LA Mortgage said it's possible as long as I meet certain investor guidelines. Again, I would need to quitclaim deed the house to the LLC.

With all this going on, I am also closing on a 3-unit apartment. 

My question(s) are :

1. Would it be wise to do all this while closing on a property? Could there be any blow back? 

2. Has anyone done this before? I wasn't planning on using a law firm (I'm sure I'll get disapproving looks from this). I can set up the LLC's myself, and operating agreements with business bank accounts. I plan to move all the LLC's to another LLC based out of another state (WY, NV, DE)

3. This seems simple enough, move 1 property at a time to an LLC, but my misunderstanding is timing, should I do it all at once, my credit score will be taking a hammering since it's being checked so much. Could this affect me negatively? Again, I am also closing on a property.

My thought process is:

Create the LLC with operating agreements and bank accounts
Quit Claim Deed the property to the LLC's
Move the mortgages to the LLC's
Update rental agreements at my properties
Setup WV, DE, or NV LLC and hold those 3 LLC's. 

Any input, guidance, experience is appreciated. 

Of course I'll take it strictly as information, not as advice, and of course I'll seek legal counsel / CPA before making any moves. 

Thanks!