Im in the final phase of rehab after a couple of delays, and since im coming out of a rehab they allow cash out refi after 3 months on title, which is another plus

The day before the closing the title guy called me asking if I had the lien release.

I even went, sat down, and interviewed a title company.

@Susan McBride,With your question about rental income, yes it would be rental income because you aren't titling the property over to them until they are able to get their own loan.

From there it's vital that you're getting clicks (need good property title, good pictures) and that clicks turn into bookings (again good professional bookings, good amenities, something other properties don't have), and lastly, 5-star reviews from those first bookings.

Anyhow since I'm paying cash and don't need to get a mortgage on it should I still go through a proper title company to get it the title switched over to my LLC?  

Also the property rents for 2K and has good cash flow.Hey Mikal - that deal would be pretty easily done as a DSCR but the main reason you would want to go that route is if you want to 1) put title in an LLC for asset protection 2) qualify off the property's income and not your personal DTI 3) keep this mortgage off your personal record so you can qualify for another conventional loan down the road

So, I take it that a sole-proprietor LLC used to own title to and operate real estate, where no self-employment salary is taken, is not eligible for a Solo 401(k)?

I used Investors Title as the Qualified Intermediary for my 1031 exchange when I moved to Raleigh  (sold property in New Orleans and purchased here).

You already had an attorney do a title search?