Yes, you can transfer your properties to an LLC without refinancing, but here’s what to keep in mind:1.

So I would continue to hold the property - but I would be sure not to miss the ability to exempt the gain - so be sure to sell within 5 years.  

Since my first property is long-distance, I figured it’d make sense to look for my next one closer to home.

Im new to BP and excited to connect and engage in discussions here.

I know they would be worse off refinancing at today’s rates even if they could find an alternative lender able to lend on older mobile homes.

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

My original plan was to find a 4 plex in california buy using fha loan, move out after the first year and generate cash flow and appreciation, but after looking at properties it became clear to me that’s not possible with todays market and interest rates.

If they have a lease agreement for more than 30 days, you have to follow the eviction process. 

Give them a 30-day notice of termination and follow through on it.3.

Their entire business plan is wait a few days to come out, charge  deductible, go back to the office to order a part or two that will come in a day or two.