And that can cost you time and money.

So, that was a waste of time and money, right?

Just transferring it gives you zero protection - the reason why it never comes up is because no one can name ways you get sued when you have a good insurance policy so its a mute pointSo long story short, you are wasting money transferring it to a LLC is my personal non legal non tax opinion.

I purchased this deal with a private/hard money lender.

It hurts the tenants ability to find another rental, nobody wins, and it takes forever costing you money. 

I financed this deal using private/hard money.

I financed this deal using private/hard money.

How are you doing investment wise?

@Richard Schubert If the house next door is a solid enough deal you could always raise the money from people in your network to tie it up.

The numbers may look good on paper, but the reality is very different-lower quality tenants, higher turnover, more problems and less money than you'd expect as a result.