Quiting my job essentially made me unbankable for the time being and while I transition into my new role (starting a transportation business) I will likely have to wait to purchase the rental in mind. 

The accrual method of accounting helps smooth income and expenses out and provides a clearer picture of how your business is doing, which makes it easier for you to come up with processes to improve it.

(If the loan isn't owned by Fannie Mae, you're at the mercy of the servicer/owner of the loan on whether or not they'll allow the transfer)Contact your current loan servicer to request a transition and have your LLC docs ready to submit. 

I hadn't gotten an attorney yet for this & just let the deal just flow as it was, and it did very smooth. 

There used to be a President there, and he was signing on clients with the promise of being "personally involved in the complete transition".

I know that if I do transition to this field of work the opportunity is much greater than what I have now.

So if your plan is to refinance, I would check with your takeout lender what their requirements are, and make sure the bridge loan is set up in a way that makes that process as smooth as possible. 

I want to make everything as smooth and seamless come tax time.

New transit system coming by 2021.

Once completed, I moved out and transitioned the unit over to a property manager in order to set it up with a Section 8 tenant.