The best option is to refinance in the name of the LLC, but to do that your LLC needs a credit rating (impossible without a DUNS), and appropriate closing costs and reserves.You can't just transfer mortgaged property into an LLC because it then let's the individual off the hook in the event the property needs to be foreclosed.

We would like to start investing soon but we are working on building our credit and paying down debt first.

7.If you like the property, are you willing to fill out an application for a credit, criminal, and eviction history report?

We have been using TransUnion SmartMove, but we would like to see an actual credit score, length of employment, etc. 

Can I ask the bank for the extra 40k to do whatever repairs necessary to my liking, such as on a line of credit.

You can tell who is going to be a handful and who will be easy to work with based on how they communicate during the initial screening & showing.Every Class A tenant we’ve had initial doubts about for personality/credit related issues, inevitably made for a tougher year - even if they always paid (which is still the end goal).

He wants to rent with a lady (she has 15 yr daughter) with 700+ credit score, 2x salary vs rent job, BUT she has "judgement from court" for child support services ( She needs to pay  for child support).

Can you please recommend a few local banks, credit unions and mortgage brokers that can help me build a portfolio in Indy.

Thats my only debt.My credit is about 600, So i beat the 580 minimum.

question for your lawyer...I would ensure the lease is being followed and that there are no history that would lead me. to believe it won't be followed.