First Property secured looking for second need some help

[Charles Brucato]

Hey everyone. I bought my first property last June with the intention of living there for a year and then renting it out with a lease starting August 1st of this year. It was a conventional loan with the requirements that I move in within 2 months and live there for a year before I can do such. I have a couple of questions.

1. I have an LLC setup that I would like to transfer this property into. Am I able to do this right now or do I have to wait until I've lived there for 12 months? If not am I able to just do an umbrella policy for now?

2. Am I able to draft up a lease and get it signed right now or do I have to wait for the 12 months to be up?

3. I want to buy a 2nd property with another conventional primary or even an FHA as soon as possible. If I am able to get a lease signed right now on the current house for August 1st when am I able to get under contract on another property?

The reason for the strict timeline is that the property is in a college town and I need to get tenants in there by August 1st or else it looks like I'll be forced to live there for another year which isn't the end of the world.

Any help is appreciated, thank you!