Personally owned/pruchased, transfer to LLC

[Alik Levin]

Dear all, hi!

Newbie here, just starting out.

I am purchasing townhouse for rental purposed, title owned in my name and obtaining mortgage in my name. Planning to transfer the title after closing to LLC owned by me for the better legal protection. Two concerns:

1. Would this move warrant IRS to see the mortgage for the rental property I took in my name as recourse debt and deemed money distribution thus taxing me?

2. Would this trigger the bank that I personally signed the mortgage with require to pay in full or foreclose?

Please advise.

Thank you

-Alik