I understand that I must get a confirmation (or concurrence) from lender that I'll be transferring my personally owned property to an LLC so that it won't trigger a due-on-sale clause when the transferability happen.

Purchase price: $58,000 Cash invested: $40,000 Sale price: $185,000 Modern cabin on river.

So simple but so powerful. 

pretty common reaction lol. the reality is that yes, investing does come with challenges. if you treat your investments like a business & really commit to being great at it, you will face far fewer challenges than the average mom and pop landlord. another reality of it is that the wealth-building power of RE, when done right, SERIOUSLY outweighs challenges like landlord/tenant issues. in life, find people who are doing what you want to be doing, and take advice from only them. block out the rest. 

Closing costs can be another 2-3% of the sales price in addition to the 3.5% down payment.

Maybe you could find out if that house is also for sale @ a discount and now you have 2 properties that you can improve and drive the equity up.

Because if rates go down as expected, the market will have a huge influx of buyers which may result in higher sales price and greater competition for these types of deals!

@Walter PinedaI set a recurring sales receipt for the first of the month in QuickBooks Online.

It’s a very powerful tool. 

Ok, so if the LLC is doing the purchasing and you are not transferring (triggers a due on sale clause in most non-commercial loans) then you should be OK.Regarding the name vs LLC.