Does the LLC legally own the property that was purchased? 

However, due to keep purchasing real estate, my DTI is high and close to 50%.

In genral they are not patient enough to delay purchasing shiny things.

I am wondering for those who have an LLC for their rental properties if they are purchasing properties with the LLC or if they are purchasing under their name and then transferring to the LLC?

@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?

Asset sold was mainly transfer of client list and contracts.Does it make sense for me to seek out a note purchaser?

Are you purchasing a fix and flip property and looking for a hard money loan? 

I frequently hear that someone purchased a new property because their real estate agent told them they could get X amount for rent, when in fact, the market comps don't support that amount.

These are great questions and a great idea to do some due diligence before the purchase.