The loan will be originated to the LLC (entity) as the borrower and the property (being transferred to the LLC) will be the collateral.You can choose to refi the properties individually or in a loan tape (portfolio), however when in a portfolio the properties need to all be owned by the same LLC, and the lender may require that they also be all in the same state.

Augustine but choose to live in Palatka due to the lower cost of living. 32208 is another good investment zip code in Jacksonville, but be mindful of flooding issues if the property is close to the Ribault River. 

Consequently, you must choose between immediate cash flow or future rapid rent growth and appreciation.

Unless you choose to remove the husband from the lease, they both remain leaseholders even if he is not living there.

Most importantly, choose a market that aligns with your goals!

While you may be eligible for a tax exclusion of up to $250,000 ($500,000 if married) on the sale of your primary residence, any period during which the property was used as a rental is considered "nonqualified use."

So while the inventory is much lower (less properties to choose from for picky retail buyers), it's usually the best time for investors to negotiate a deal. 

I could roll over those amounts into another Roth IRA of my choosing.

Originally, I was hoping to have the property owner hold the property while I take the agricultural property through the feasibility study and rezoning to have paper lots approved by the city I choose to annex the property into.    

If I had been talking to you before the closing I would have recommended that you choose the 2-1 buy down, which would lower your rate by 2% ($500/mo) in the first year and 1% ($250/mo) in year two.