The new generation of TICs put the investors into an LLC which then invests in the TIC.

Is it possible to transfer a property from a LLC to an individual?

Just thought of this strategy and wanted to run it by someone.What if I rented a 3 BR place for $1500/mo, then rented each room out individually for $600/mo?

Would love to collaborate with a like minded individual.

So now you're advertising the Open House (even though it's not your listing) and you get to include your seller's guide as a Lead Generation Magnet.Try it!

I am very mixed with what my next steps should be, the property is a 3 hour flight from me so it is not crazy far, but I wouldn't be able to manage it on my own and would of course need a property manager.I'd love to hear from everyone to see what more experienced real estate individuals think.

Every individual must remember that the only person who is responsible for what takes place inside of the IRA is the account holder himself (or herself).  

Can we setup a mortgage to the LLC identifying two or four different individuals as the payee or do we need to set-up separate LLC to handle distribution to and from?

Granted, you can't go wrong surfing these boards while learning from some very successful individuals of course.

They were students, but I had them sign the lease jointly and severally (some landlords have students sign individual leases).