Make sure to have your attorney do a title search, that should uncover any liens still outstanding on the property.

If you sell the property to the LLC but don't tell the mortgage company then you'll never get clear title to the property for the LLC b/c there's an outstanding mortgage lien against the property in your personal name.Basically if you want to clear your name, you'll have to build credit the old fashioned way or transfer a lot of real cash or assets directly into the LLC and use that as collatoral to gain leverage with the banks.

The most outstanding feature is that it allows for tax free loans up to $50K ea.

Anyway, they provide outstanding service and I've known all of the owners for twenty+ years.

I attribute my ability to invest “remotely” in SFHs to a team of people I’ve gathered over the years that look out for my best interests; primarily an excellent real estate agent and an outstanding property manager. 

Hey BiggerPockets community - can anyone recommend an outstanding Business Attorney in Johnson County Kansas?

You typically need to make the loan whole within two months or it's considered a withdrawal, so taxes and penalties apply to anything left outstanding if you don't pay it off.

That's outstanding!

I've been pricing out standing seam roofing and finding crazy high prices.

Your broker submitted an offer to the bank (The owner of the property you wanted to purchase), the bank accepted your offer ("Offer" does not mean "Bid) to purchase the home they owned (with no outstanding loan or lien) and you closed on the transaction.While I may not be as gentle on the forum as the other professionals on this board, I seriously doubt there will be anyone that's been in the business for more than two weeks to rebut my statement here.