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Updated 9 months ago,
Primary Residence turned into first rental...Now what?
Hey all, Id like to get some direction/guidance from those who are/were in a similar situation. Me and my wife have a house that was our primary residence (no mortgage), and looking to rent it out. I created an LLC, and Im not quite sure what our next step should be. Do we transfer ownership from our name to the LLC? If so, what does this process look like? Or do we even need an LLC for one door?