George, I take it that your LLC is single-member and has NOT made a corporate election, right?

This is because the body of laws around corporations is pretty well detailed.

Has anyone every used Corporate Housing By Owner (CHBO)?

Man, I don't miss corporate america one bit!

You should be able to check with your state corporation commission.

You will likely need an underwriting exception, and management or corporate approval, from the lender for properties 5-10.

While state law may authorize a single member to assign all assets of a corporation, I simply prefer to see everyone named to sign off making it crystal clear that they are assigning all of their rights in and to the corporation.The Bank: You'll need to assign all accounts, escrows, checking, maintenance, or what every you may have in the name of the corporation.

Hey Teddy,I got started just a few years ago...decided to leave the corporate rat race and give real estate a try (with the help of my wife, who is the genius of the team).

I.E. a short sale without the corporation from the borrower?

As a multi-member LLC you will be taxed as a partnership (unless you elect corporate status, which I don't recommend in the case of buy and holds).