From my experience it's only been able to happen at closing but again, that's my experience.Here are some ways you can establish your LLC since you already have the property.1) Have all rents and expenses (mortgages, etc.) paid out of that to show money coming in/out.2) Get a CC under the business name and use it to pay for all business administrative and random RE costs.3) Get a "Corporate Account" with someone like The Home Depot. 

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

Here is an article to learn more: https://www.corporatehousingbyowner.com/blog/2013/06/traveling-nurses-corporate-housing/

Our entire global system is built on a mountain of debt... consumer, corporate, federal, etc.

Would we need to file Form 8832 for First LLC and Second LLC to change the classification from Partnership to owned by parent corporation?

Other than rain of course ;) Cost of living was low, taxes were low, personal freedom was high, I really liked the culture that used to exist here too before pretentious yuppie corporate culture completely took over.

Hi, I’m looking for a reputable Tax Accountant who works with international investors to set up and maintain LLC, read some horror stories about the DIY off the internet LLC’s which cost investors big time.I contacted Corporate Direct and they are rather costly which I can understand being one of Robert Kiyosaki’s Rich Dad Advisors, so I’m hoping to find someone who can offer the same at a more affordable rate considering I’ll be starting our with 1 property a year and that would preferably be a Turnkey option.

Hi, I'm looking for a reputable Tax Accountant who works with international investors to set up and maintain LLC, read some horror stories about the DIY off the internet LLC's which cost investors big time.I contacted Corporate Direct and they are rather costly which I can understand being one of Robert Kiyosaki’s Rich Dad Advisors, so I’m hoping to find someone who can offer the same at a more affordable rate considering I’ll be starting our with 1 property a year and that would preferably be a Turnkey option.

My goal is in the next 5 to 8 years be free of the corporate, 9-5 grind. 

I'm not quitting my day job (the earliest would be 8.5 years from now to claim my pension and retirement benefits) but we will look for our 3rd source of income and take the long approach to transitioning out of corporate world.Too me, this is a Marathon, not a SprintGood Luck!