(Higher down, higher variable rate, etc) 2 Questions:  1) Can I transfer ownership of the mortgage to the LLC over time, some mortgage laws prohibit this and void the contract if this is done.

I left my job a few months ago and I want to transfer the funds from my 401K to one of these types of accounts so that I can use the funds for investing in real estate.

You could use a confidentiality agreement with the investor so they can't go behind your back, but that's probably the least of your worries right now.

Are you tied to your location, I would guess your employment skills are transferable to any part of the country.

Valerie King if you get a mortgage in your name to finance a property, you also risk triggering the due on sale clause if you attempt to transfer the title to an LLC.

Let me know....we can chat confidentially if that is better for you.  

I would have to borrow heavily from family to get $200k cash (at 6%-9%) to close the deal to transfer the deed. 

What you can do is setup an LLC which would be owned by your Solo 401k and your partner and simply transfer the property into.

I understand I should send a letter notifying the current tenants of the property transfer, but is the assignment of rent revenue handled mostly in the purchase contract between the seller and buyer?

@Amin Bhatia truthfully, I have only worked with one investor from Canada...lots to learn, but not insurmountable differences...LLC is the only way I buy property...with preparation to transfer title to my personal name to re-fi residential properties.