I don't want to give up on house hacking if I don't have to. the way I currently see it, it could add more complications to our lives in a risky way.

Beyond that, you're on your own unless you take the initiative to have someone help you and perhaps split the Assignments fee 50/50.As someone who has been in RE now 50 years as a licensed CA Broker an inactive mortgage banker  And have been a back room Vendor for some of the top trainers in the US.Anyone can take the course RE is not that complicated at the level you folks are working at.

Business expenses are deductible but mainly offset passive income for non-active investors.What you are trying to understand is complicated and you will need professional help.

Put up a website, go knock doors, go talk to retirement communities, divorce attorneys, GET OUT THERE it's really not complicated. 

It’s also commonly referred to as an Alter Ego in legal jargon and often times actually complicates litigation if a claim arises.

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.

Steve: If you are going to bid on an Ohio Common Pleas Court  foreclosure, the process is pretty safe because the foreclosing lender has to include a "PJR" which is actually a "Preliminary Judicial Report" which is a title report and include a commitment for title insurance should the bidder be successful and the property to be conveyed.This differs from a liquidation auction by a lender, private auctioneer, receiver (other than an actual foreclosure case) where you might be successful but the property has pre existing liens that don't get swept away by the foreclosure case.For your first one of these, get a lawyer to advise you.

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!