Unless you can get very favorable rate terms, It might make sense to wait.

Speaking directly with a representative or supervisor may provide more insight and potentially lead to a resolution.Refinancing with a Different Lender: If Chase's policies do not align with your needs or goals, you may consider refinancing the property with a different lender that has more favorable terms regarding transfers to LLCs.

From what I was told by a Chase lender, most institutions use the same underwriters, who implement this 2 year requirement.I understand that private lending could be an option, however, I'm not sure who would lend to me with favorable terms based on my lack of real estate experience.

That would mean to hold the property long enough to build equity and not lose money, which means several other factors need to favor you at the same time. 

So a few points I want to clarify, FDIC insurance is for bank deposits and won't have anything to do with a credit card so don't worry about that terminology when you're searching.As far as building a relationship with a bank I would say it is more important if you don't have good credit and want favorable terms, in your case with good credit it shouldn't make a world of a difference. 

Second, this guy is not doing you any favors.

This can allow for favorable tax treatment and potential tax deductions related to the properties.Management and Decision-Making: Establishing an LLC can formalize the management and decision-making structure for the properties.

To get this, I’m paying them about 10% over asking price in total purchase consideration, but the terms and monthly payments are so favorable that it really doesn’t make much of a difference.Although I’ve read extensively about these deals, this would be my first and my big question is around the taxable basis of the property.

Rates were low in 2018, sales prices were reasonable, and rents were high, so the numbers worked in our favor.

Because with detailed plans, examination of alternative causes and getting involved even when the trend is not favorable can make a person start making profits from real estate when he is old as well as when he is young.Good luck!