These are sent to the county recorder, where the documents (deed and mortgage instrument) are recorded.  

Ryan:I wouldn't recommend buying a rent property with negative $200 cash flow.That said, the 50% rule is a crude instrument great for initial passes but not for final decision making.  

I've noticed inherited tenants require more attention, management hassles, and carry a sense of entitlement, do not listen/ respect, and leave the place in unsuitable conditions when they leave. 100% of our issues so far this year has been from inherited tenants.

Over 5 years this is a 50% increase.This works well because making 10% on your money is pretty good for most people, and we get cash flow every month with NO out of pocket expenses unless we have to fix up the property.We look for middle age people who are looking at their retirement accounts and are displeased with the 3-3.5% their annuities and other retirement instruments are giving them. 

Now it's not seen as taking profit but rather as accessing equity through a debt instrument. 

The LLC typically must disclose the members of the LLC on the filing instruments called the Articles of Incorporation.

@Michelle MarshallSounds like a debt instrument. 

@Kenny DahillThe most recently published version (February 2019) of Fannie Mae's selling guide says that there is an exception that allows you to transfer a property to an LLC. https://www.fanniemae.com/content/guide/servicing/...Per Fannie Mae:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) to *a limited liability company (LLC), provided that: the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).You should reach out to your lender and run this by them and see what they say.

A refi to go into a good cash flow instrument. 

Finally, since your local market sounds unsuitable, you will have additional risk doing it out of your area than you would if you could keep it local.