Due to complications in due diligence (seller financials), the only way that it makes sense for us is if we can assume the current debt, because it is below market rate, already underwritten etc.

While it's not common for lenders to enforce this, it's still a risk.Lender Discomfort: Since the loan stays in the seller's name, if the lender becomes aware of the transfer, they may become uncomfortable with the arrangement, potentially complicating the process.Seller Risk: The seller is still legally responsible for the mortgage.

It is possible in theory, as Account Closed explained, but is very complicated and thus expensive to implement.

I have also seen that it can be complicated to move a property into an LLC when the property was purchased before the creation of the LLC in terms of the mortgage terms. 

I had some investors whose entity was too complicated for the bank to feel comfortable lending to them!

Why do complicated when out of state!?..

Too complicated and feature rich can be a drawback as well.

Usually when someone shows up new to the forums with an inkling to do Section 8, they don't really understand the complications that can come from investing in them and have seen a YouTube or TikTok that makes it sound like a no-brainer to get paid by the government to be a landlord.

.- **Cons**: You'll have to deal with multiple loan applications, closing costs, and monthly payments, which can be more complicated and expensive.### Option 2: Portfolio Loan- **Pros**: A portfolio loan allows you to use multiple properties as collateral for a single loan.

Inaccurate claims could lead to complications down the line, especially during future sales or refinances.Overall, the process is straightforward, but patience may be required as it can take some time to update records.