From my experience working with over 400 investors, avoid transferring your home into an LLC (it can trigger loan issues), be mindful of capital gains taxes when selling, and ensure your debt-to-income ratio allows for your next purchase.

Fannie mae allows you to transfer your loan into an LLC, but it is recommended that you speak to your loan servicer and ask that if they themselves will allow you to do so.

It provides protection to the buyer or lender against potential title defects, liens, or ownership disputes that may arise before the official transfer of ownership.

I am currently renovating it and we plan to when i am done to transfer the property to my buisness name. what would be the best route to go.  

I transferred the money via EFT (the transfer instructions had no reference to Lendbase - red flag), and asked for a receipt, but was told that their customers rarely ask for a receipt. 

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.

Property Transfer TaxOne of the key costs associated with purchasing property in Germany is the property transfer tax, which ranges from 3.5% to 6.5% depending on the region.

Invest in as long as it takes you to write a check, do a wire transfer, or even an online bill pay4.

If you have a loan, you may wish to look into due-on-transfer clauses.