Yes, you can transfer your properties to an LLC without refinancing, but here’s what to keep in mind:1.

The property originally appraised at $475k when we purchased, $115k more than we paid, after our hard work the property appraised for $550k and we refinanced to repeat on another property.

Ensuring your rental market can sustain these costs will help maintain profitability over time.The 7% DSCR loan is relatively high, and refinancing later at a lower rate could improve your long-term cash flow.

Is the line of credit different from refinancing the home that is free and clear? 

I don’t expect every year to be like this.For the mortgages, I did some accelerated pay downs and refinanced when rates were more favorable.

Once I refinanced, I paid off the credit card and kept the property.

Typically, with seller financing, you might not have the ability to refinance right away, but you can structure the deal with a balloon payment or other terms that allow for refinancing after a certain period.

They're very different thankfully so it feels like there's always at least one who's acting like a normal human being...A defeasance is something that happens on commercial properties when a securitized loan (like a CMBS [commercial mortgage-backed security] or agency loan) needs to be paid off early, either when you're refinancing or selling your property that has a loan on it.

Also, there is a penalty for refinancing out of the DSCR loan within so many years.

It is cheaper then FHA mortgage insurance, and you can potentially drop it in the future without refinancing unlike FHA.