The house was also transferred to this 3rd party first, before being transferred to the bank and then to HUD. 

Plus this money is tax free since it's a loan, it's a safe bucket (from BK and lawsuits in most states), and it transfers favorably to heirs as well. 

It will also mean faster transfer and recoding. 

I wouldn't transfer or assign the existing lease if the current tenant is completely moving out. 

I always get an email from Cozy letting me know that the payment is "in progress" (starting to transfer), and another when it is processed (transferred). 

Guys, as per new Tax rules, does it make sense for an average joe with 2-3 single family homes for say 850k-2M in total to get an LLC registered and have the homes transferred under them? 

To maximize its efficiency you’ll want to use shorter screws on the first layer so they don’t touch the plaster and transfer the vibration.

You can, after closing, do a quit-claim to transfer the title to LLC but the loan will stay in your name vs LLC's nameSounds like a commercial loan is the way to go for you since with fannie/freddie, you'll have to use your personal financials for qualifying for each mortgage vs a commercial loan where they can/will use property income for qualifying you for the mortgage.

Hey @Wilder Fuentes,You're overthinking it here, and this is quite common.HOW you purchase something is largely irrelevant in this determination (i.e. a $100k home is $100k whether you purchase it all cash or using leverage).We'll use nice round numbers here.If you sold the home for $200k and had 8% costs of sale (agent commissions, title fees, HOA transfer fees, etc) then your net from sale would be $184,000If you bought this home for $100k and had $2k in costs of sale here, then your basis for the property is $102k.  

We have a joint bank account with a good amount saved in there that we use for all expenses and income.Would opening an LLC and transferring the property into it help avoid this complications?