Outright owned condo…should I transfer to my LLC

[Benjamin Giles]

I have a condo I bought with cash. Due to low ARV and current high interest rates a refi doesn't make sense due to fees etc.

New condo association rules prohibit selling to an investor. Owner occupied only. 

Property cash flows $500 month.

Is there a benefit to transferring the property to my LLC? My LLC is currently about 1.5 years old and has no income or expenses. I am not well versed in tax liability/benefits etc., or benefits if my LLC having assets.

I would like to explore the possibility of DSCR loan on a property with my LLC, so would having that asset under my LLC have a benefit over me owning personally with a potential loan to my LLC?