Do I need to make the HOA aware of the deed being transferred?

Coordinating contractors and staying on schedule were key challenges.

Coordinating contractors and staying on schedule were key challenges.

Hey Zach and Jason,Leases transfer with upon sale of leased property.

For things like that you can present the tenant with the bill and they add it to the rent and you pay the bill directly, so you know it is paid.Also make sure the damage deposit is transferred to you from the previous owner at closing as that money belongs to the tenant.

Even if you do not have VA eligibility (non-veteran) you can still assume these loans if the seller allows their eligibility to transfer with the loan! 

Is this because your Principle Paydown is transferred into equity?

The plan is to put the property in an LLC at the onset (I heard this was easier/better rather than putting in personal names and transferring after the fact).I was given the following rates.30 year fixed: 6.875%. $5255/mo15 year fixed: 6.5%. $6969/mo10/1 ARM. 6.5%. $5056/moWe currently have a 15 year fixed on our primary home as we wanted to go into retirement debt free on the primary home.

For real estate specifically, it depends, in many instances an LLC is not required but ok as long as done properly (properties are bought in LLC and not bought and mortgaged in your name and transferred). 

Coordinating contractors and staying on schedule were key challenges.