I was told this is the way.However, on a property that I bought 2 years ago, the mortgage note says that if I transfer the deed over to LLC without their permission, they may demand full payment of the loan immediately.I am now trying to get them to give me something in writing that it is okay to transfer the deed to LLC.As for insurance, my broker says the LLC cant be the policy holder, otherwise, lender will foreclose on me.

Novice “future” landlords here—Where did y’all start with getting your lease and even a property manager? 

Recap: Tenant didn't pay rent for a few months, and we ended up in court, agreeing to a 12 month arrears payment (per courts).Today tenant received a DCA EPP Payment for 6 months into the future (May->Oct).

Hello Investors I'm a newbie at RE investing, but my bigger problem is capital.

I think DSCR Loans are definitely in your future as you continue to grow your portfolio but probably not the best fit here:-Can strictly not use DSCR for any property you live in - would technically be possible if you moved out, leased up the unit you are currently in and provided good documentation that its legit - but this is a firm non-starter for DSCR (absolutely no occupying the property)-DSCR Rates at best are in the sixes on a cash-out refinance - so you would be doubling your interest rate at least on the current property - which could make sense but its a pretty high hurdle.

If everyone is going that route, that's going to crush future prospects.

Check with your agent to see if you need to rewrite the policy and what the new rate will be as a STR. 

I've been looking into the Indianapolis market recently as somewhere I might want to invest in the future.

Difference of $3800 or about 1% of the purchase price plus an inspection fee :) The difference in 'financing' the down payment and RE commission (5% of the purchase price) is roughly $124/month or ELEVEN YEARS of payments ($16,500/12 = 133 months.) 

In addition a home bought for your use is seldom the best invest RE purchase.