If the lender discovers what you have done and so choose they may exercise the clause and accelerate your loan.

I am at 36 doors now and this deal would really accelerate things for my family. 

Learned a ton though, and ended up getting a job as a property manager which has REALLY accelerated my learning.

This is one of those questions where a closely reasoned, convincing argument could be made in support of almost any outcome...My own 2 cents for the short term is its likely one more constraint on the Fed to keep their tightening on its current pace rather than accelerate.

It's worked well for us and we've both learned a lot from each other and the experience that I think has accelerated our learning curve and ability to move quickly. 

My wife's last day at work is this Friday the 13th (fitting), so our newly formed LLC will have its captain and we will be accelerating our research and outreach to find some deals.

But if it's still possible, staying with a smaller mortgage payment while sinking the difference and any extra into student loans would probably accelerate your goals.

If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

. - don't confuse it with tax saving - the CSS allows you to accelerate depreciation (you get more of it sooner, and less of it later) so you have to factor that in in your tax strategy- it's good to have CSS done when you replace an item (you'll be able to claim loss deductions)- there is also an inheritance benefit - your heirs will benefit from a CSS in place.Maybe @Wes Mabry can offer more advice.

The best thing I can tell you is re-submit the file correctly with a payoff to the second mortgage and request SPS accelerate the review.