An LLC is used for business related assets.A house-hack is a partially personal / partially business related assetAn LLC is normally best when personal and business are not 'comingled'best to talk to an attorney to see if you will get the asset protection you are looking for.

It looks like you will be doing a house-hack.It is normally not required to inform the lender.The rents received will be considered rental income and have to be reported on your tax return.

Its totally normal to have some mental blocks before your first purchase.

There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.

If I wanted to do high stakes gambling I would go to Vegas and get free drinks not pay so gurus to blow smoke.

If she mails you a letter, file it but don't respond.I can tell from the way she writes that this is not a normal person.

The quiet title is normally necessary before any lender will make a loan against the property.  

Normally, you need an LLC with 2 years of tax returns on its business to buy in an LLC or transfer to, unless you are refinancing into a DSCR loan or something like that.

Fill out a normal application with the trust as the borrower, with you signing for the trust as the trustee and you as the coborrower, signing for yourself as the coborrower.It's that simple.

Is this normal for hard money?