Those who waited are now in a significantly worse position than they would have been if they pulled the trigger last year and that's only going to get worse if they don't jump in soon.Maybe the market will crash tomorrow morning and they'll be proven right, but I just don't see signs of it happening.  

Be aware that if you have a mortgage on the property, the transfer to an LLC may trigger the due on sale clause (that could be avoided using a land trust).

Under Massachusetts law, it is illegal to discriminate against someone because the presence of children might trigger a property owner's duties under the lead paint laws or because someone receives a housing subsidy, such as a Section 8 voucher, to pay for some or all of their rent.

Since you still have a mortgage on your first property, transferring title *could* trigger the due on sale clause if the mortgage holder looks into it.

After a year, I pulled the trigger.

I strongly suspect (without even seeing your loan docs on your personal loan), that transferring it to your LLC might trigger a due on sale clause and the bank could call your loan, if they ever found out. 

I'm in the process of my first one and I think the best way to see if it'll work is to pull the trigger and give it a shot!

Don't be afraid to pull the trigger but don't jump the gun either.

Real estate is where I've wanted to build my success for a while, but I've hesitated on pulling the trigger for fear of failure.

Following his advice the best we could, we found a rent ready home in Georgia that slightly exceeded the 1% rule and pulled the trigger.