I plan to eventually transfer it into an llc I created once it is rented, and refinanced.

After clarification of the policy you can transfer title into an LLC after closing. 

Coordinating contractors and staying on schedule were key challenges.

Coordinating contractors and staying on schedule were key challenges.

So even though property values may have skyrocketed, the taxing authorities aren't able to jump the taxes as much because of the limits the grandfathering puts in place.BUT... as soon as you buy a new home, or transfer it to a new entity (think LLC)... all that grandfathering goes away, and the taxing authority will bring  you up to that new Just Market Value".  

To set up such a trust, including getting assets transferred in where appropriate.  

If there is anyone who is using a trust to transfer mortgages to their LLC, I would love to shadow and learn more.

With the loan transfer from yourself to LLC you never had the bill due on sale/transfer happen to you? 

Submetering (if passthrough billing is implemented) is also annoying - as well as if you have to transfer utilities to your tenant and back routinely.Was wondering - how large is this pain point?

The QI is just there to receive the money from the first sale and pay the next, so that you are not taxed on that transfer.