I will also be paying the mortgage from this account and if I am short, I'm going to transfer money from another account.Is this a good idea and what does everyone do?

We are transferring a rental unit from one LLC to another LLC. 

Additionally with the structure being as tall as what you are constructing, the walls have to be built stronger than a standard two story construction would be, and that weight has to be transferred to a very solid foundation that costs more money to build.

When title transfers, the lender has the right to require that the loan be paid off entirely.

Some of our clients follow our lead on creative finance to quickly expand their portfolio and precise record keeping is required.

It will be triggered once it is transferred to the LLC.

@Benjamin Aaker is on the money.Your income probably prevents you from using RE to offset your W2 income but you can still use deductions and depreciation to offset rental income.If you are looking to REI to reduce your taxable income on your W2 earnings REI won’t help much at all.One needs to be precise when discussing tax law.

They were great, helped us get our security deposits transferred and all of our back rent.

We are planning to transfer it to a land trust, yes.

Unless the withdrawing member's ownership interest was sold, it shall be transferred to the remaining Member(s) in the Company at the same ownership interest percentage ratio that exists at the time of withdrawal.