You will also want to check with your lender to see if they allow you to transfer a property to an LLC. 

When do you think might be a good time to transfer properties into an LLC or S-Corp?

We are seeking to establish an estate plan to transfer these mortgages to Trusts without forfeiting tax benefits or triggering due on sale clauses.

I am looking for some advice from all the smart people on this website :)I have a family member that is offering to transfer over their home title to my wife and I.

Below you can find a quick FAQ sheet of the updates they have implemented and will be implementing soon.Quick Overview: - The cost of application fees has increased- Platforms will remove listings without legitimate permit numbers- Platforms will have to remit the Hotel taxes directly to the city of San Antonio (Operators still have to file revenue reports monthly)- STR operators can change the operator of the permit without a new application being required (it seems the permits are still non-transferable upon sale, however)- Updated Party Prevention measuresMy Take:This should weed out some hosts that have not been abiding by the permit requirements.

.- It's been well kept- Between transaction costs (e.g. broker fees, transfer fees), capital expenses, tax recapture I would need to sell it for $1.9M to break even.-  At it's height (2022), it could have sold for but $2.7M. 

There were damages and loss of rent.One of the local utility companies verified there was no transfer of service.

I’m the meantime I was able to find a new tenant who has paid the security deposit, first month rent, and has scheduled utilities to be transferred to their name but no lease has been signed yet.

Can I create an LLC just for running the Biz/managing aspect, but not transfer my property into the LLC?

My favorite one is make sure they transfer utilities into their name BEFORE you give them keys.