Can I somehow stay on as a personal guarantor of the loan but still have the protection of an LLC?

At the time he got the mortgage all previous liens should have been taken care of. 

It looks great and it is easier to care for than granite or butcher block. 

I need a lawyer when we decide to form our first LLC for the rental, and I also am in need of an ambitious tax person that can help us find a balance between minimizing our taxable income vs. investing more money in our real estate portfolio. 

I think I would be very careful trying to do something like this.

You can have a title company take care of the docs and money exchange.

So I am still learning how to word everything correctly. so please bare with me.Lets say a person makes 15,000 a year before taxes and wanted to get a property to fix and rent out. in southern California. lets say the person used a hard money lender to obtain the property, and sources for the rehab and closing cost + extras in case anything pop up that needed to get done.now that the rehab is done and the house is ready to be appraised, rented out with a management company and refinanced. would there be a way to refinance the house with that low of an income ? 

I also don't know if the water / power are metered separately - I plan to drive by today and look for meters.Now that I know I have time to secure funding, it boils down to getting the pre-approvals done and deciding on what I'd bid.So to update my back-of-the-napkin conservative numbers:Rents:  $3900 / mo or $46,800 / yr assuming fully rented which isn't hard here.Expenses: Lawn care ($400 /mo during summer, or $2800 / yr est. 

Sometimes searching the address of an asset on loopnet will tell you all you want to know.

Sec 8 inspector doesn't care.