The only issue you would ever run into is if you straddled a year between repayment of the loan, you could  experience losses on your individual tax return (which would potentially lower the amount you could repay tax free).Another option is instead of contributing the money to the LLC, loan it to the LLC. 

Additionally, portions of 44118 extend into South Euclid, University Heights, and Shaker Heights.44106, on the other hand, straddles the Cleveland and Cleveland Heights border, and has everything ranging from opulent houses (on streets like Harcourt, in Cleveland Heights) where surgeons and law-firm-partners live, to areas where there are dumpy and cheap houses (on streets like Ansel, in Cleveland) and you'll be lucky to find/retain even a decent section 8 tenant.I've created a grading map that takes a variety of factors into account to grade each census tract in Cuyahoga County... if anyone wants it, they can send me a private message and I would be happy to share.

Holding the property for at least one year will straddle two income tax periods and give the Investor two income tax returns listing rental income, expenses and depreciation, all of which help to provide a solid argument that the Investor had the appropriate intent to hold the property for rental, investment or use in his trade or business.

I would personally rent the property out for at least 24 months to demonstrate that you had the intent to hold, especially since the 24 month holding period would also straddle three (3) income tax returns. 

Advisors often recommend at least a 12 month holding period, but in this case when you want to change your intent and convert the property into your primary residence, I would rent for 24 months to be more conservative (this straddles three (3) income tax reporting periods).  24 months and three (3) reporting periods is considered safe and conservative.  12 months might be O.K., but if it appears that your original intent was to live there you might have a rough audit.

Sounds sorta like straddling the line of fraud based on your OP & replies here. 

I have always straddled the fence on this one, but what I've discovered is the house that I pay cash for, provide less headache, less stress and have a much greater return.

And in Kings Mountain, which straddles Gaston and Cleveland counties, the population has increased by only 2.7% since 2010.Jean Mountz, the president of the Gaston County Association of Realtors, lives near Crowders Mountain on the southwestern end of Gaston County.

I guess you could check by straddling the toilet and rocking it with your knees (aka the dry rot test)?

I'm going to straddle the fence on this one.