Changing Primary Residence to Rental Property

[Kyle Storms]

Good Morning Fellow BPers!

My wife and I are thinking of purchasing a new home due to a growing family and we would like to convert our existing home to a rental property. There is little to no equity in the existing home, and the property is titled in my name. I would like to transfer the rental into an LLC. My question to you is this:

Are there any ramifications/consequences with the mortgage holder (triggering Due on Sale clause, etc) of transferring the home to an LLC that I'm the 100% owner of? Since I would be the 100% owner of the LLC and the property isn't being sold, I'm not sure that would technically trigger anything, but want to be sure.

Looking forward to any responses that have had experience in this realm.

Thanks!