They should be able to provide you with instructions for creating a Quit Claim Deed, transferring the property from one entity to another.

The LLC is a legal entity separate from your personal self. 

Initially I was planning to establish an LLC for liability protection, but after several consultations with different law firms, entity structures seem more complicated and much more expensive than what I need just starting out and with and no real wealth to protect. 

I believe that starting out, you would need to find an investor lawyer and accountant to help you set up the legal entities in both countries, then research your market, find financing, build a team, and so on. 

Hi @Somesh I am a US lender based in Toronto, feel free to reach out with any question regarding financing/US entity formation or accounting services.

I don't charge for pulling a permit, i get reimbursed for receipts paid to government entities.

I no longer qualified for traditional financing because I already own many rental properties and my DTI was high for the bank, so I purchased these in a business entity with a trusted private investor and was able to refi the 1st property/sell the 2nd property to pay back my investor and ultimately keep the better property for zero money down.

Your tax pro will thank you and you'll keep your sanity.For considering entity structure, consult with an attorney and let them know your plans for the property.

From what I understand, the process appears to be relatively synonymous, but dealing with foreign payments and foreign entities is unchartered territory for me, and I want to make sure I deal with closing and managing this property in the right way.

Called out on it by IRS and NY State Dept of Taxation, provided my documentation and cited the code to both entities, which resulted in avoiding tax court and a reversal of tax liabilities.