No firsthand experience, but every time I've seen this question come up the responses indicate that for a few small units LLC will not protect you better than simply adding an umbrella policy to your insurance while being more complicated and expensive to maintain.Also many snags to consider such as banks not likely to finance residential property to the name of an LLC, transferring to an LLC later can trigger a due on sale clause in your mortgage, if you mix personal funds and LLC funds to pay for something you can negate all legal protections.

One partner has proposed the following and I want to make sure that from legal and tax perspectives it all makes sense and is legit.. 1.Form an LLC where three partners would each have 1/3rd interest.2.Transfer the property (title) to the LLC via quit claim deed for some price/consideration3.He would buy our shares/interest in LLC so he ends up with 100% ownership4.Mortgage would continue in my name and I would remain the Garantor (he will pay me some fee each year to keep it in my name).

@Madeline jI would continue to maximize your 403b contributions but keep in-mind that you generally won't be able to transfer those funds to an IRA until you either stop working for that employer or reach age 59 1/2. 

Rent will be paid by electronic bank transfer from tenants account to the account of  Landlord at Bank, account number XXXXXXXXX.  

Louis and transferred my license when we moved in August.

But as I mentioned, to transfer it (at least in Cleveland) They require a VERY large deposit for whatever reason.

The existing mortgage stays in place and the buyer takes over the payments and the deed is transferred to the buyer.The most common stipulation found in a “subject-to” contract is that of the buyer completing a home inspection.However, with home sales becoming more difficult and find the need to sell their house for far less, buyers are harder to find and those that make offers are not able to complete the purchase because they face difficult lending criteria.This is where subject-to an existing mortgage comes in, what this means is that we the buyer of the home takes over the title to the property, but the seller retains the mortgage itself.

Anyone having issues with Rentigo? Tenants paid on 9/1, I haven't had funds deposited into my account yet. Called and was on hold for 2 hours and then tried live chat, only to be told it's a known issue and there will...

The following fields are listed and i've bolded what my gut says but any help would appreciated:ABANDONMENT OF ASSUMED NAMESABSTRACT OF JUDGMENTAFFIDAVITAFFIDAVIT OF CLAIMAFFIDAVIT OF HEIRSHIPAGREEMENTAMEND LIS PENDENSAMENDMENTAMENDMENT DEED OF TRUSTAMENDMENT FIN STATEMENTANNEXATIONAPPOINTMENT OF TRUSTEEAPPT OF SUBSTITUTE TRUSTEEARTICLE OF MERGERASSESSMENT LIENASSUMED NAMES (DBA)BILL OF SALEBONDBONDS AND OATHSBROKER'S LIENCANCEL TRANSFER OF DEATH DEEDCEMETERY DEEDCERT COPY OF DIVORCECERT COPY OF JUDGEMENTCERT COPY OF PROBATECERTIFICATECHILD SUPPORT LIENCHILD SUPPORT LIEN RELEASECOLLATERAL TRANSFERCOLLATERAL TRFSR RELEASECONDO PLATCONSENTCONTINUATION OF FINANCING STATCONTRACT OF SALECORPORATE RESOLUTIONCORRECTION OF DEED OF TRUSTDECLARATIONDECLARATION OF CONDOMINIUMDECLARATION OF DOMESTIC PARTDEEDDEED OF TRUSTDESIGNATION OF HMSTDDISCHARGEDISCLAIMERDISCLAIMER OF HOMESTEADDISSOLUTION OF DOM PARTEASEMENTESTATE TAX LIENEXTENSION AGREEMENTFEDERAL TAX LIENS AND NOTICESFEDERAL TAX RELEASES AND WAIVERSFINANCING STATEMENTHOME EQUITY LOANHOSPITAL LIENHOSPITAL RELEASEINFORMATIONINHERITANCE TAX CERTINST # CANCELLEDJUDGEMENTLEASELIENLIS PENDENSMECHANIC'S LIENMEMORANDUMMODIFICATIONNOTENOTICENOTICE & RECEIPTNOTICE OF BONDNOTICE OF SUBSTITUTE TRUSTEE SALEORDERORDINANCEOTHERPARTIAL CS LIEN RELEASEPARTIAL RELEASEPARTIAL RELEASE ABS JDGMTPARTIAL RELEASE EASEMENTPARTIAL RELEASE FIN STMTPARTIAL RELEASE LIS PENDENSPARTIAL RELEASE STATE TAX LIENPARTIAL TRANSFERPARTIAL VACATION OF PLATSPLATSPOSTED MEETING NOTICESPOWER OF ATTORNEYPROPERTY OWNERS ASSOCIATION MANAGEMENT CERTIFICATEPUBLIC WEIGHERS BONDRATIFICATION PLATRECORDINGRELEASERELEASE ABS OF JDGMTRELEASE CONDOMINIUMRELEASE EASEMENTRELEASE ESTATE TAX LIENRELEASE FIN STATEMENTRELEASE LIS PENDENSRELEASE MECHANIC'S LIENREMOVE TRUSTEERESTRICTIONREVOCATION OF POWER OF ATTORNEST JUDGEMENT RELEASESTATE JUDGEMENTSTATE TAX LIENSTATE TAX LRSTATE TAX RELEASESUBORDINATION AGREEMENTTERMINATION OF FIN STMTTRANSFERTRANSFER ABS OF JDGMNTTRANSFER FIN STMTTRANSFER OF STATE JUDGEMENTTRANSFER ON DEATH DEEDTRUSTUCC-1 NON STD OPRUCC-1 STD OPRUCC-3 NSTD OPRUCC-3 STD OPRUNKNOWN CEMETERY DEEDVACATION OF PLATVARIANCEVOIDWAIVERWARRANTY DEED

In Georgia, we use attorneys to transfer ownership of real estate via closings.