At some point, we intend to refinance with a different bank who will let us transfer the title to an LLC  However, in the meantime, how should we set up the rental business for the best tax advantages until we can refinance with a different bank who will let us transfer the title to an LLC?

If you sell the property, unused rent transfers with the sale. 

Purchase price: $25,200,000 Cash invested: $9,975,000 Rise at the Lofts550 E Earll Dr Phoenix, Arizona 85012Formerly Known As Plaza 550Units 92Acquisition Date 28-Jan-2022Purchase Price $25.2MInvested Capital $9.975MLoan 3+1+1 Non-Recourse Debt FundDeal Structure 506(B) SyndicationUnit Mix 92 1BProjected Hold 2-5 Years

how soon can I transfer utilities?

You will want to target a Fannie Mae loan specifically, as Fannie changed their rules back in 6/1/2016 to now allow the borrowers of the loan to transfer title in to an LLC so long as the borrowers are the majority members of the LLC.

.- Poor credit score from when primary residence loan was sold 10 months ago and autopay didn't transfer. 

You've made it 50 years + on this earth without pulling a Wile E.

You could transfer the property into an LLC after closing, but what are you trying to accomplish? 

I had a discussion with a land bank official a few years ago who explained to me that out of the thousands of tax-delinquent houses foreclosed by the county and sold at auction every year, only the ones that no one bid on are transferred to the landbank... it means you really get the worst of the worst... + there's a trick, the LB will sell it to you for a low price... in exchange of your signature on a development agreement leaving you with a 6 months to 1 year to do extensive (and expensive) repairs to bring to properties up to code.

Hey everyone! My wife and I are looking to buy a live-in flip property (off-market) from her deceased grandfather's trust. While I was speaking with a mortgage broker about rates, he mentioned that since we were relat...