I have bought and sold a couple of homes but I never went into it as a pure investment.

I still have a mortgage on my current residence and have heard that transferring this to an LLC could trigger the mortgage company to consider this as a sale.For the purposes of protecting myself and keeping the rental house seperate, I was wondering if it would be beneficial to start an LLC purely for managing the rental party.

Plan to sell after 5 years and hoping for 20,00-50,000 pure profit.http://m.estately.com/listings/info/60-linden-st--...Sam

They seem like pure liabilities with no use.An example is here.  

@Matt Bowers,Purely my opinion ...I'd borrow out as much equity as I can and put it into another income property.Money that's not working for you is "dead" equity.My $0.02...David J Dachtera"Success is not a destination.

(ie.. the doors open, the windows work, the furnace works, and smoke alarms are functional with 10yr batteries).  

I also have a contact @ Mars bank, who happens to be an investor and on BP, he's been great help.As for utilities , if the reo clearly states as-is and or no utilities will be turned on, then it's up to you, and your inspection is purely for your benefit.

I am doing this purely to improve the look of the house.  

When I charge $5 for a bulb or battery for a smoke detector don't complain.

So now this question is purely academic.