If you are paying with your own cash, then you shouldn't have to worry, but if you get bank financing or other secured lending you may trigger a due on sale clause when you make the LLC contribution.

@Jian Guan Thanks man, yeah I’ve received the same suggestion from a mentor and others, I think I have to pull that trigger soon.

If your bank already sent the appraiser on a conventional order and now you want to switch, it is possible you will trigger another inspection from the appraiser, as they might not have done all the FHA stuff and will need to go back and check.

At least it's a start when it comes to the numerous liability issues.We offer concierge services (private chef, on-site yoga, on-site massage, etc). and while it doesn't make us a lot of money, our markup is slim to none, it does seem to make our guests really excited and benefit us when it comes to reviews. 

I need to decide if I want to pull the trigger now.

I am just wondering if that will trigger a Transfer Upon Sale clause.

From that, less than 10 have ever been audited, and all came out just fine because they had been following the rules in their usage of the program.As to what triggered those IRS audits for those individuals...

Also, I don't plan of moving to the area until October (work reasons), so I have to time to find and analyze properties before I pull the trigger. 

YES, you run the risk of triggering the DOS clause unless you have the ok from the bank. but you can absolutely do a live in brrr strategy.. just make sure the property deeded in your name

I'm not yet in that position to be able to do such transaction but I have the system in place that will streamline our workload just need to pull the trigger.