I have bought and sold a couple of homes but I never went into it as a pure investment.

I still have a mortgage on my current residence and have heard that transferring this to an LLC could trigger the mortgage company to consider this as a sale.For the purposes of protecting myself and keeping the rental house seperate, I was wondering if it would be beneficial to start an LLC purely for managing the rental party.

Plan to sell after 5 years and hoping for 20,00-50,000 pure profit.http://m.estately.com/listings/info/60-linden-st--...Sam

They seem like pure liabilities with no use.An example is here.  

@Matt Bowers,Purely my opinion ...I'd borrow out as much equity as I can and put it into another income property.Money that's not working for you is "dead" equity.My $0.02...David J Dachtera"Success is not a destination.

I also have a contact @ Mars bank, who happens to be an investor and on BP, he's been great help.As for utilities , if the reo clearly states as-is and or no utilities will be turned on, then it's up to you, and your inspection is purely for your benefit.

I am doing this purely to improve the look of the house.  

So now this question is purely academic. 

This is purely for my upcoming venture into investing. 

The one stand alone one makes $75/month but it is a pure appreciation play.