Here's what I've been told after numerous discussions with lawyers and accountants regarding buying a property in your own name, getting a loan and then transferring ownership into a sole member LLC and the subsequent potential triggering of a "due on sale" clause. 

If it is approved by the Assembly Housing Committee on anuary 11, 2018, the Assembly Housing Committee will vote to grant local governments the power to prevent rent increases at the time of initial and subsequent rentals.

If you only care about an easier/cheaper tax return, then stick with the SMLLC because you can report profit/loss directly on your 1040 via Schedule C and the IRS considers your legal entity a "disregarded entity"; for my tastes, I'd rather incur the overhead of a 1065 tax return for my Multi-Member LLC, and have the LLC issue me a K1 to include in my personal tax return, in exchange for retaining the full scope of the LLC liability protection.I'll register any subsequent entities in Indiana as subsidiaries of the parent, and these will all be "Manager Managed".

Subsequently, there's not really anything you can hold him to.

That being said, here are the key issues: 1) No equity means it's unlikely that cash proceeds would be generated to the benefit of estate heirs or  beneficiaries.2) If spouse has signed for mortgage loans too, determine if there is any risk of recourse to surviving spouse should default occur and subsequent foreclosure create a shortage.

The exempt transactions include sales by HUD of real estate-owned (REO) properties under HUD’s regulations in 24 CFR part 291, sales by other federal agencies of REO properties, sales of properties by nonprofit organizations that have been approved to purchase and resell HUD REO properties, sales by state- and federally-chartered financial institutions and government sponsored enterprises (GSEs), and, upon announcement by HUD through issuance of a notice, sales of properties in areas designated by the President as federal disaster areas.

My caution is that property management companies (PM), like any profession, will have sales guys who are awesome through the dating phase and tell you everything you want to hear and subsequently fail you.  

Nor have we taken into account the depreciation you can claim and the the subsequent increase to your cash flow."

Hi Scott,My 1st was MLS deal as were many other subsequent deals.

Linky link.The Department of Housing and Urban Development announced it suspended the reduction of Mortgage Insurance Premiums, effective immediately.HUD sent out an announcement just an hour after President Trump was sworn in on Friday, stating that the cuts have been suspended indefinitely.The letter, found here, stated that the FHA will issue a subsequent Mortgagee Letter at a later date should this policy change.