I’m starting an LLC and will transfer the property to it once established so this is more of a curiosity question.

Although these properties appeared on Sch E for well over 3 years, the newly formed LLC will lack the requisite two year history.

I would recommend reading the following books;Millionaire Real Estate Investor by Gary Keller - This book is all about reverse engineering your goal a breaking it down by steps.The E-Myth by Michael Gerber- RE Investing, construction, development, property management, etc. 

With this the property income or loss is reported on schedule E of your personal 1040.

Or do I lock up the property in my name and then transfer it over once the LLC is officially filed?

@Omar E. - Good question.

Hello BP community, We are up to 7 properties in North east ohio. 3 of the 7 deals were loaned on in one partners personal name 2 of them have been transferred via refi.

Gary helps everything make sense by reverse engineering the goal of $1M income and getting that goal chopped down to actionable and measurable steps.The E-Myth by Michael Gerber- Highly recommended no matter what type of business you’re looking to begin - RE Investing, construction, development, property management, etc.

Under 6 months only requires 30 days' notice. https://www.chicago.gov/city/e...That said, these time frames do not apply if the tenant is delinquent on rent.

Here's the event link:https://www.eventbrite.com/e/b...