Ownership of the Property:**The ownership transfer will be outlined in the contract.

In Lackawanna county (Scranton area) for example, I always recomend looking in the surrounding neighborhoods of Scranton in addtion, as the rental rates are the same or higher, the turnover seems to be less, the taxes, trash fees, transfer tax etc are lower, and the neighborhoods seem more stable for appreciation.

(I know the gist of all of this - but not the specifics... but enough to point it out to you...)So be aware that if you transfer the property to an LLC - your county will likely treat this as a transfer of ownership (like they should)... the LLC is completely separate from you - even if you are the sole owner.  

It's basically the same in every state: the lease transfers with the sale of the property and the buyer has to abide by it.

Be careful, since this is only for a Person and their primary residence, transferring to an llc may void this.  

"Beefy" Operating Agreements are generally needed if your entity has non-married partners or if you are using an LLC as a wealth transfer mechanism.

Get "good funds" (Cashier's check or similar) or sit there until a wire transfer goes through.

Just did this recently when transferring our STR from a PM to our direct handling.

For the rentals I would purchase in your personal name (to get preferential lending terms) and then transfer title to an LLC at a later date.LLCs are simple to create so you don't need to plan this too far out in advance, IMO.

For example, lower down payment requirements, FHA loans, and other supportive housing policies make it possible for more people to buy homes despite the high market barriers.Another factor might be the generational wealth transfer from Baby Boomers to Millennials and Gen Z.