Wholly owned subsidiaries only offer qualified asset protection.

We are local and pride ourselves on customer service.

If they understand that although the price an investor is willing to pay may not be as high as retail, their retail customer is likely to buy one "pretty" house and they would have to wait at least 5 years for them to come back for another if the Realtor is lucky.

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

I plan on forming an LLC for the rental but want to know if it is necessary to transfer title to the LLC or if there is another way to get the same liability protection?

The pros I see for starting an LLC now are:-Legal Protection-Builds trust/credibilityThe only con I could see is:-Up front cost (I could use the money towards another property instead)

Thanks on the input @rick Harmon Thanks for the advice, I work for a plumbing company and had work in the neighborhoods and talked with my customers about the property and they have said that the home owners just up and left the property, but I will be giving a call and try to get in touch with the right owners

Appraisers are on the side of protecting the bank but are supposed to render honest and fair opinions.

Their customer service was fantastic and it was the only time I felt I had a true relationship with my bank.  

And potentially moving forward to the day where contracts are signed and deals are closed.I'm sure most of you can agree that our day jobs just don't offer up that same thrill as we sit behind our desks or, for myself, accept returned clothing from unsatisfied customers.