Considering putting rental in an LLC, HELP!

[Brian Neisig]

We (wife and I) have one rental property, in our own names. I am seeking to limit legal liability in the event of the unfortunate occurring. I have always worked for 'The Man' and have 0 experience in starting an LLC, moving the house into it, or, possibly most importantly, how it will impact my taxes. The house has a mortgage on it, so a new LLC would have no credit history, so how could it have a mortgage? I've heard of a Due on Sale Clause. What could be done if that happens!?! What other things do I need to consider when attempting this? I am in Minnesota and I think LLC's are state specific, right? Any input or advice, especially from another Minnesotan investor, would be greatly appreciated! Skol!