Of all the lenders I know who have clients that do this (purchase in personal name and quit claim to LLC), none have ever had that happen - the main thing is to make sure you just keep paying your mortgage, and this would be a good conversation to have with a lender. 

It is always advisable to consult with an attorney if you are serious about asset protection.This post does not create a CPA-Client relationship.

I’ve written letters on behalf of clients in similar positions to yours reserving the right to request the improvements be removed in the future.

The client copy of the tax return should include a depreciation schedule of each rental property that you have.If the tax return that you have does not include it, you should be able to request it from your accountant and ask if they can provide it to you annually going forward.The depreciation schedule will include the original cost basis along with the accumulated depreciation.Best of luck.

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I'm big on Detroit, personally (heavily) invested there, and work with a lot of clients that wish to invest there.Homes in Detroit proper can be had for $80k - $90k today and rent for $1,200 - $1,300/mo.

Ordinarily for STRs, a two bedroom can do well well because it attracts more clients.

I do give discounts on the listing side to repeat clients.

We have clients that have used FHA regular and 203K loans in areas that they would not necessarily want to live forever, but it was a means to an end. 

*This post does not create a CPA-Client relationship.