Meanwhile, I created one LLC and business bank account to pay property tax, mortgage and day-to-day operating cost.

They lady started almost yelling "If you have your bank investigate we will send them the screen shots we sent you".

I don't think the bank would be ok with it, correct?

Currently bank?

Many traditional banks won’t touch them, and even DSCR lenders will avoid them if the build out is done prior the securing long term debt. 

Anything you pay outside of that can be challenged.I would make that payment into a dedicated bank account until you get the necessary paperwork.

However, I’ve read that some banks may not permit this arrangement.

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@Palak Patel copied from our website, so use what's useful for you:_________________________________________________________________________Below is more information about what our Applications Department does to screen applicants and find the best tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then taking several days to submit.

As far as bank is concerned, I am still the borrower, because we did this transfer behind the bank's back.