For tax purposes, the IRS sees you and your LLC as the same entity, so transferring the title to your personal name typically wouldn’t affect the 1031 exchange deferral.However, to maintain the tax benefits associated with the 1031 exchange, it’s important to ensure that the property remains a rental and continues to be used for business purposes.

He told me that given that I was still fairly new to investing (5 years) that I should consider the benefits of having the extra cash on hand either for emergencies or for future down payments on additional properties.

Hello. I am thinking about offering a friend a land contract. I have no idea how to do it or what to offer.He has a existing mortgage on it that is not very much
1.Can I take over his mortgage at his rates? If I can ...

With your first rental, as you learn the only benefit is for liability, but when you are getting started, there are better and cheeper ways to mitigate liability risk.

Recording: The land contract should be recorded with the county clerk's office to protect the buyer's interest.By understanding the key features, benefits, and risks of land contracts, buyers and sellers in Kentucky can make informed decisions about this type of real estate transaction.

Your current plan is benefiting him while costing you greatly.

It’s best to wait until after the property is a rental to maximize tax benefits.

All,It is my understanding that I can not use a 10% second home loan and put it in an LLC to reap the tax benefits if I STR the property most of the time.

Just an FYI, the 100% bonus depreciation expired at the end of 2022 and is now phasing out at 20% per year, with the benefit fully sunsets after the end of 2026 calendar year. 

Strategy Recommendations: What additional strategies should I consider to maximize long-term returns and tax benefits?