If you don't know how to do this, without mistakes, then hire an attorney.

Even then should be able to find lower rate IO.I would check with another lender on this one, check into buying down the prepay as well.

Then if you want LLC as asset protection, you have to transfer the property to the LLC to hold the title.

The man he was back then is gone.

But, you can use it to buy a 2-4 unit (2 unit are much easier then 3 or 4)or house hack a single family meaning live in the house and rent rooms to friend having them pay you mortgage for you.

I rather do that then find out roof damage after close.  

My house was closed on 11/30 and since then I asked the property manager to pick up the house key from my local realtor, and do an inspection on the house to make the house rent ready.

Tenant takes lock off, then drops in a drop box.

No use having them take the discounted year long lease and then just leaving anyway in a month or two. . 

If that is not possible, then I would ask myself if the increased cost of capital to access the equity is worth the next deal's profits/benefits.