I still have a mortgage on my current residence and have heard that transferring this to an LLC could trigger the mortgage company to consider this as a sale.For the purposes of protecting myself and keeping the rental house seperate, I was wondering if it would be beneficial to start an LLC purely for managing the rental party.

Form your company as a type of corporation to protect yourself from any financial problem.Like I said, I am 59 years old and I found BP about 8 months ago and I am still trying to decide what I want to do.  

My question is, does the fictitious name need to have LLC on the end to keep the liability protection?  

Your money helps protect against the lender taking a loss and makes it less likely that you will walk away from the project.

Just pick a type of a corporation that will protect you from financial failure.  

Hello,I'm looking to build a 12 unit apartment complex in Bay City TX and had a question on setting up a company. I've set up 2 LLCs and have been told one needs to set up an LLC to hold the assets and a different LLC...

This should help protect your personal assets. 

The main thing is make sure you are protecting your position in the deal. 4) what would you say the advantages of performing notes upon regular real estate investing (buying a house and renting).

I switched from IPN to Qu ick books payments.  

[You won’t get lien release instructions in the “buying documents” but you can write those up for your friend to send to the title company when you refinance.]To truly protect yourself if you give money to a friend to loan back to you, your friend should agree in writing they are getting a personal loan from you in the amount they are lending to you for the house and that they agree to release the lien simply by you asking, or more importantly do as you direct them to release.