Mostly I'm hearing that I, as an individual, have to be on the title at closing but then I can have it recorded the same day to my LLC.I'm guessing the best thing for me to do is be upfront with any potential lender/broker on what my plans are.  

@Mindy Jensen I really wonder how many visitors the people who live at 123 Test St in Council Bluffs Iowa get per year, my guess is a fair bit. :)

You guys were very helpful before, and I'm excited to hear more from you and possibly make it out to a meet-up while I'm in Iowa this summer!

You are a brave man as I would have ran when I saw that house. 2.

I am currently a Senior at Iowa State University studying Supply Chain Management & Marketing.

I consider myself to be a relatively successful handyman in small town Iowa.

Short background: I currently co-own 3 SFRs in the Des Moines, IA area (started investing in 2012) and have always used a trusted RE agent for the purchases with the exception of 1 of them, as the Seller had a dedicated RE attorney for closing and we avoided the RE agent.However, stumbled across a deal where a friend's neighbor is selling a rental she owns as her previous renters were evicted due to disability to pay monthly rent.

It costs me $3,000 to install an egress window in the basement in Iowa.

Since you don't have the unit in an LLC, I, as a business adviser, would recommend to a client in the same circumstance to charge themselves the rent, and to TRANSFER THE FUNDS TO THE APPROPRIATE ACCOUNT.

I realize that there are many ways to do this and being a newbie to this I a am open  advice and suggestions of what makes the most sense going forward.