Single family home investing with an LLC

[Pavan Narla]

Hi guys, I'm hoping for some insight. I've dabbled in single-family home investing myself a bit (5 rental properties), but now a few of my friends want to get involved. I was thinking of creating an LLC (4 equal partners), taking out personal residential loans for single family homes, and then transferring the deed to the homes into the LLC and obtaining new title insurance under the LLC. Any tips on whether this is a good plan or if the lender may have issues with this? I know lenders can enforce their "acceleration clause," if I transfer ownership, but after speaking with a CPA and an attorney, as long as I have "significant" ownership in the LLC, they've never heard of this being an issue (given the loan payments continue, uninterrupted)... thoughts? advice? Thanks!