Like other posters have mentioned - it will likely vary by lender - but generally most states will be OK with either Individual or LLC but there are a handful of states that due to various regulatory interpretations will require a LLC (or require a LLC to have prepayment penalties on the loan structure) Borrower = Individual or Entity AL, AK, AR, AZ, CA, CO, CT, DE, DC, HI, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NM, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VT, WA, WV, WI, WY Borrower = Entity only GA, FL, IA, MT, RI, VA (1-4 Units) Prepayment Allowed Vested Entities Only IL, NJ

The proper way to look at rent control is this: It doesn’t regulate expenses and therefore subsidizes tenants by private entities (landlords).

Apollo, the big RE empire, sells annuities via its fast-growing Athene insurance entity.  

These loans typically have restrictions that prevent them from being transferred to an LLC or other business entity.

@Dave Rav If it's personal property, you may want to check with the government entity in charge of titling and re-titling mobile homes in your area. 

So even though property values may have skyrocketed, the taxing authorities aren't able to jump the taxes as much because of the limits the grandfathering puts in place.BUT... as soon as you buy a new home, or transfer it to a new entity (think LLC)... all that grandfathering goes away, and the taxing authority will bring  you up to that new Just Market Value".  

The local contact may be an individual or an entity with a principal place of business on the same island as the property.

Given your numbers, it seems this may offset most or all of your tax liability and make it easier for you to utilize a new entity structure.

My neighboring state of MA is $500/year per LLC.Then it all depends on volume - more entities and trusts, more fees.But...first and foremost...start investing (if that is your plan), get good insurance, and then only add in complexity as needed. 

When you sell a property "subject to" the existing mortgage, technically, this clause could be triggered because ownership is transferring to a new entity or individual.