Again, you will want to run this by your brokerage first to see if they have any policies or procedures you need to follow here.

Once you start the process off wrong with the tenant it is hard to unring that bell plus the tenant  likely has ammunition against you the landlord that you were not following the correct procedures for notifications etc.The value of any equipment would be in how well it works and how old it is.

It affects your operating procedures, legal protection and anonymity.Make sure that you actually have valid reasons to create an LLC and to transfer property into it before jumping in.

This same procedure could be affecting the communities where you invest.In my opinion, the coming real estate market correction I am forecasting will follow similar paths as the period from 2007 to 2010.

@Richard Heine the proper procedure is going to be very dependent on your state statutes on how to do this. 

Make sure you follow proper procedures.  

Only that they were filed as a compliance procedure.

Every state is different in procedures and More importantly differ in what liens you may inherit with the property.

As a lender, you have the right to foreclose non-judicially so long as you follow the procedures and recognize the protections for the borrower, right to cure, etc.

The City of Pittsburgh has its own separate code office that follows different policies and procedures than the near suburbs.