There may be a gift tax or some other consequence of this transaction.

This just started I'm assuming the treadmill was a Christmas gift.

I don't know whether to treat it as a loan to the LLC or a gift. 

What are your talents and gifts and how do you plan to use those to be a successful real estate agent  or investor?

Hi @Austin Rose,How are you.Are you buying via FHA owner occupied where you only need 3.5% Down, Seller Assist Allowance and Gift Monies from Family or investment with 25% Down 2% Seller Assist?

Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.

(The "trustor" question relates to whether or not a quit claim need precede the gift to the trust.)Regarding the "trust" question, I've searched and searched before with no success.  

Gift funds are not allowed on Investment property transactions.3.

Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.

Please also verify the accuracy of this information at the time you are considering these options as guidelines change.price Decorating allowancesRepair allowancesMoving costsNote—a dollar for dollar sales price reduction is also required for - Excess rent credit and gift funds not meeting FHA requirements Contributions exceeding the actual cost of prepaid expenses, discount points and other financing concessions Credit Requirements Required is 600.