Meaning that the multifamily must go into my personal name.If I quitclaim the property to the LLC after closing escrow on a commercial loan, I have heard such action could trigger a “due on sale” clause whereby my total loan amount could become due and/or I could be required to pay a prepayment penalty.Without the LLC, my tax structure is less favorable and I am exposed to personal liability.Any guidance on this situation?

The requirements for compliance with Floodplain Regulations is triggered when permits are issued for work.

Without knowing a remote location well or having a quality trusted team in place, I would be very hesitant to pull the trigger on a deal like this without having ALL of my facts straight and independently verified by multiple sources.Not trying to talk you out of it.  

I hate to take on more debt, but if my cash flow is close to what I was getting then I might pull the trigger and go for it.

Whether the sale will trigger anyone to come knocking is anyone's guess.

A third late will be a triggering of a eviction and the tenant will be out.A tenant that pays late under no circumstances should ever be considered a "otherwise good tenant".Landlords that have tenants that pay late have not properly trained them and are responsible for the problem.

Otherwise, if the numbers meet your criteria, pull the trigger fast-like! 

Would the lease agreement triggers a due on sale clause? 

Land Trusts are generally thought of as being used for estate planning purposes and *should* not trigger Due on Sale clauses. 

After I fix it and get new tenants I might be able to refinance it for $450-$500K, that would give me enough cash on hand to be constantly flipping, I want to be able to get a property and rehab it while also be able to pull the trigger on the next deal.