At closing the deal will be funded, the mortgage will be subsequently recorded in 1st position, and you'e off and running. 

When you subsequently transfer the title to an LLC within the same year, it will typically trigger another reassessment.This means you are likely to face two property tax reassessments: one when you close under your name and another when you transfer the title to the LLC, even if both transactions occur within 30 days.

I will state I believe this will be more accurate than your number as you will see in subsequent paragraph

A few follow-up questions...how does putting less money down (say 5%) and the subsequent higher monthly mortgage relate to putting more down and having a lower DTI? 

I will update this thread if the seller accepts my offer.A few days after they approved me for financing, I get a call from a guy with very bad manners, peddling the Lee Anderson Broker online training and the subsequent 4 day certification in June at an event.  

The subsequent item you reference is "self-employment income" for purposes of self employment tax under Sec. 1402. 401k has its own definitions and regulations, which are related to - but independent of - those referenced. 

the subsequent tax return with the 8824 on it would seem to be enough for the refund of the withholding. 

A performance deed -- essentially a substitute for a deed in lieu of foreclosure -- causes problems with title insurance on a subsequent sale because the deed was not executed after default and good faith negotiation with the lender (the typical DIL scenario). 

If you didn't claim it in the year the property was placed in service, you can elect to claim it in a subsequent year, as long as the property meets the requirements for bonus depreciation in that year.

The cash flow generated from these ventures can be astutely utilized to facilitate the acquisition of subsequent homes, which can be subsequently inhabited and further leveraged through house hacking, thus initiating a cycle of continuous growth.Wishing you the best of luck in your own endeavors.Warm regards.