I’ve spoke to Lucas and ended up agreeing that in my particular circumstances - there wouldn’t be enough of a financial increase to outweigh the additional labor (Albeit as small as it would be).

But only in the right circumstance. 

Here are some insights and potential options to consider:Policy Limitations: It's not uncommon for mortgage lenders to have policies that only allow transfers to an LLC under specific circumstances, such as if the property is your primary residence.

I believe that it has to be OO for 12 months, barring extraordinary circumstances, like getting transferred out of the area for work.FHA has a whole department dedicated to "occupancy fraud" and given that it's a felony, I'd steer very clear from it.

I got caught and lost my money and more and more people are also reporting similar circumstances. 

Lenders may have specific requirements or restrictions for loans to LLCs, so it's essential to consider how this might affect your future financing options.Before forming an LLC, it's crucial to consult with a qualified attorney and tax advisor who can provide personalized guidance based on your specific circumstances and goals.

It may be necessary for you to assess the property's possible appreciation, rental revenue, and general market circumstances.

Whether you can include rental loss in your tax filing for the last three months of 2023 depends on various factors, including your specific circumstances, the type of property you're renting out, and the applicable tax laws in your country or jurisdiction.

There are other states with similar circumstances as well but here is what I wrote for another post.I got into being a Loan Signing Agent because of my refinance.

Best,Dominique It depends on the circumstance.