If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

Their LLC they use for the JV product is "Good As New Ventures LLC"  Any property that I would bring to them to fund needs to be assignable to this LLC. 

I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing.

or we can manage through the home state LLC, any prod and cons  Please ?

I am interested from hearing from everyone that has a single-member LLC (SMLLC) that is a disregarded entity is generally reported on the owner’s Form 1040, Airbnb, flipping, wholesaling, to complex 1065 filers under subchapter K. 2.Accounting Costs: How much are you paying for ongoing accounting services?

They hide behind a LLC and if in contact with tenants lie about being the owner.

I want to leave the LLC all together and he'd like to take it over.

Closing in an LLC would also mean that the new mortgage wouldn't show on your personal credit score too so it shouldn't implicate you when looking at an FHA or HELOC.

The builder is not Hollistic REI it is Southern Impression Homes LLC. 

I’m going to be forming an LLC in PA to hold the property.