It may also have implications on your taxation.

@Brittany RogersonI recommend finding a tax strategist that specializes in real estate taxation and is also a fee-only financial planner.

@Vikranth BiradarI recommend finding a tax strategist that specializes in real estate taxation, REPS and cost segregation.

Most of the cash out refinance lender require me to move the property from my LLC to my name for the refinance, is that a normal operating procedure or is it a taxation nightmare to move it back to the LLC after the Refi? 

For OK state taxation, your rental income is your NET income (or loss), just like for Federal.

I recommend working with a tax strategist that specializes in real estate taxation and LLC formation to maximize your tax deductions. 

@Fred KahnI recommend finding a tax strategist who specializes in real estate taxation and tax planning.

@Daniel OropezaI recommend finding a tax strategist who specializes in real estate taxation.

While the general principles regarding LLC ownership, asset protection, and taxation may apply universally, specific legal requirements, regulations, and tax implications can differ from state to state.Good luck!

@Hari JacksonI recommend finding a tax strategist who specializes in real estate taxation.