It was worth every penny because now I’m properly organized and it significantly cut down the amount of time it took my accountant to prepare my taxes.

Got proper permits, re-did all the work, and and was still able to sell the property for a profit. 

So, proper screening is EXTREMELY important!

The effectiveness of § 1014 depends on the titling/coordination of the decedent’s assets prior to their death.

I want to keep the tenant happy and the property properly maintained.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Not just in the setup, initially, but separate bank accounts and properly signing all documents as a member of the LLC, even if you post on your personal social media accounts about a property owned by the LLC, if someone sues you, they will try to use all of that to get to you personally.  

If I were to do this, which I don't plan to for at least a few months (I would like to properly do my research) I was also curious whether or not people thought interest rates on HELOC LOANS were going to start going down or continue going up?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

In our case the seller needed the loan off their record to purchase a new home so we went through the proper channels to make that happen.