1st Time Buy and Hold Strategy using home equity for financing

[Jordan Blit]

My strategy is to secure a line of credit on the equity in my current home and use that to buy and hold a rental property under my name before transferring it to an LLC. The next step in the plan is to pay off the line of credit with a traditional 30yr mortgage once the property is paid for and occupied. The mortgage will then be paid for by the rent made from the property.

Seems like a solid plan to execute but I'm getting hung up on the order of some of these events. Do I get the mortgage before transferring the property under the LLC? I know there is the 'due on sale' clause that could be a possible threat here so what is the solution? If I transfer the property right away to an LLC it could take a year for the LLC to qualify for the mortgage as I understand it.

Does anyone out there have any ideas on the most efficient way to get the ball rolling? Am I missing something in my plan?