How to share ownership of a rental property?

[James Wierzba]

TL;DR -- how transfer 50% ownership of my rental properties to my brother? The properties are financed by me and are Fannie May loans.

I'm trying to figure out how I can have me and my brother on the title as 50% owners (tenants in common) for my rental properties that are financed.

I have seen a lot of conflicting information from my research so far.

My loans (4 mortgages on 4 rental properties) are all Fannie May loans.

From my research, it suggests that until 2016, the name on the title of a property backed by a Fannie May loan must be in the name of the person on the loan, and no one else. In 2016, the guidelines appear to have been updated to allow ownership of an LLC, but only if it is a sole proprietorship (source).

I have also heard that changing the title can have implications on insurance policies.

Bonus question: I also have a registered LLC, and would actually prefer to own the properties via the LLC, with my brother. In this case, I would add my brother as a 50% stakeholder in the LLC. (I prefer LLC for the additional protection against litigation/liability).