I work with a lender that allows that as long as we can document some explanation that the borrower doesnt plan on occupying the home as a primary residence.

Depending on the lender, you can/should tell them upfront so they can document the LLC in the file so you are sure not to have a due upon sale clause triggered when/if you do transfer into your LLC. #2.

Not sure if how many partners are involved, but does the buyer have more or less than 25% ownership... many questions to ask and best to have a call or share your email address.If you want to share your email address

They had a discount code in the email newsletter, but I don't see the value add yet.

Your intermediary must be in place prior to the closing of the sale to provide the proper documentation.

If you need to modify the agreement, you need to keep track of the notices/addendums and then over time interpreting the lease becomes messy because the agreement is actually the sum total of ALL of those documents over time.

Poor wording in the original post.I emailed the CPA and said that the advise does not seem to be correct and received the following response:"Forming an LLC alone doesn't automatically turn passive losses into active losses.

And sometimes (sorry) people have to find me on BiggerPockets as my emails are always filled with a ton of messages.But I try.

That aside, once my funds had seasoned there was further delay because I got more requests for documentation (that could have been requested during the month that we were twiddling our thumbs and waiting for my funds to season).

We e-mail and mail ours.