They are not too far off from a 30 year fixed mortgage, sometimes even the same rate. 

We got the property off market at a great price and decided that the location and future opportunity outweighs the benefits of a quick resale.

Regardless, the lady who has possession now is not going to turn over the property without kicking and screaming and probably a court battle...if it went that routeJust my opinion: pay off the mortgage, stop the bleeding.

I’d take off available June 8th also.

If you search these forums you will find countless syndication investors burned by paused redemptions, loss of most or all of their principal, investment promoters disappearing, etc.

You would likely use the proceeds to pay off the HML, leaving you with a new mortgage (which you paid to get) and a HELOC payment (and possibly a residual balance with the HML). 

When you transfer title to the LLC, the lender COULD choose to call the mortgage due and make you pay it all off because technically you have "sold" the property to the LLC.

If I had to try and sum it up it would be: Form a corporate entity for asset protection; buy properties using leverage to maximize the use of your money; write off your expenses through your business  including depreciation, taxes, insurance, repairs, etc to maximize your tax deductions.  

(And will this also take away any possible issues, such as liens, taxes, etc. off me?)

Purchase price: $400,000 This was an off-market seller financed deal with a local investor who had owned the property for over 30 years!