@Bill WagersI would not do a contract for deed on a bar as you remain owner and thus could be liable for issues with the propertyI would do it as a sale and seller finance the property so the estate is no longer on titleIn that instance may not even need a LLC

I will later try to rezone as commercial like the properties on 2 sides.If the place is non-conforming, I am affraid I will never be able to refinance.Does this approach make sense?

I hate to give the generic answer of asking a real estate attorney, but that would be the only true way to know your options that come about.

I am new to real estate investing, but are ready to dive in.

Property #1 is a 5 unit with a commercial loan, amortized for 25 years with a 5 year balloon.

If you want to, you can see just how some people are customizing it for real estate by doing a search on Youtube for "Podio For Real Estate".

As Gino recently noted on another forum, real estate is all about ROE: return on effort.  

@Anthony PriloIt sounds like you are trying to transfer a personal property into an LLC since you are now making it into a rental property.When I did this, the real goal was to transfer ownership to the LLC but maintain the current (low-interest) loan.

I love talking real estate! 

I’ve always wanted to get into the world of real estate, however i’ve never dipped one toe into buying and renting out homes.