At that point it seems it would be the same as fee simple ownership.

The financed property limit applies to the borrower's ownership of 1- 4 unit financed properties or mortgage obligations on such properties and is cumulative for all borrowers.

This deduction will be under pressure as much as all others, particularly as the rental stock in the nation grows sharply with the declining home ownership rate.

I am rethinking this as the leases come due but all my properties are very close to each other and my ownership is commonly known in the community.

Westgate is a pocket of nicer homes where homeowners show pride in home ownership.

It just costs legal fees.I have an LLC where I was raising angel investor money and ran into a few folks who wanted to change it to an S-Corp because case law is more established in terms of payouts and equity/ownership.

Protection of ownership interest in company.

If lenders beginconsidering not only PITI (principle, interest, taxes, andinsurance) as monthly costs of home ownership but also EM(energy and maintenance costs), buyers may be able to affordmore home based on their monthly savings.RegardsReal Estate Agents

Since he's transfering ownership from the LLC to himself, he's subject to the tax from the county/territory.So while there are many benefits to keeping it in the LLC, when it comes to refinancing it can be a real hassle.Hope that helps...

There's definitely pride of ownership amongst all the neighbors.