Novice here, I've been looking into off-market deals but don't feel comfortable moving forward by myself.

Then I moved to Suwanee recently and found one of my neighbors is engaged with STR in the Blue Ridge Mountains and another flips homes in the midwest (from his home here in ATL!).

The current tenant has been there for many years but he has decided to move and I need to find a new tenant.

What caused you to make the move?

If I purchase in the name of the LLC and move it into the trust then the LLC no longer owns the property (mortgage) and are there tax consequences for the LLC to do this and should I dissolve the LLC?

I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.

If they did, require them to leave it when they move and hopefully it adds value to your property.

If you are willing to move then you can use that 20k and put the minimum amount down on a property that you can house hack.

Also, before finding tenants, ensure that the property is move-in ready, research fair market rent, carefully screen applicants and have a lawyer draft a lease agreement specific to the state where the property is.

Because in a year or two you can move out and keep the entire thing as rental with great financing.