But at this point do not want to get too much ahead of myself.So, basically, keeping my current situation in mind, how to form an LLC, any specific type (cost effectively) and move my property into that LLC and eventually all my finances too.

It was designed specifically for real estate investors BY real estate investors, which is one of the things that differentiates it from other banking and bookkeeping platforms and why I think it serves its purpose so well.

Depending on the specific details and the local laws, they may not be able to sell the property until you have resolved the issue. 

A good GC should be doing this, but if they are not detail oriented, it may fall on the customer to make sure the details are there.It's so important to be ultra specific when writing a Scope Of Work and Contract for a construction project - of any size, even a small job can go south without the specifics being spelled out clearly. 

Values are re-assessed upon purchase price which I think is a factor in why people hold onto properties for a really long time and we have a housing shortage and high demand (Bay Area specifically).  

The “due on sale” clause, as its commonly referred to, is 2 paragraphs that are usually located in Fannie Mae and Freddie Mac “notes” (which is the specific form/instrument that outlines the terms of your mortgage).

I am going to focus on specific actions we took that brought forth critical information during the due diligence period. 

Government-backed loans, such as FHA loans and USDA loans, also have specific guidelines regarding buydowns and when they can be used.All the best!

It would be a good idea to review your specific situation with a CPA experienced in real estate investing.

I have a goal of acquiring my second rental property in 2024, specifically a house hack.