Sounds like this is an actual contract, not the assignment to transfer contract.

LLC Misconceptions and Educationshttps://www.biggerpockets.com/... transfering personal name to LLCThat all being said, yes you could structure the deal differently. 

HiI have W2 income and short term rental income reported on Schedule E.

How, when and if the deposit is transferred or credited is already dictated in the lease.

You can add an LLC or S-Corp later.A single member LLC and an S-Corp can be included on Schedule E of your personal return.

Osborne, look to complete a balance transfer on those credit cards to one with 0% and pay them off ASAP. 

If your LLC is a single-member LLC, then it will be disregarded for tax purposes, and you will report your rental activity on Schedule E and your real estate agency on Schedule C of your personal tax return. 

Hello Jordan,I read the book called "The E Myth" revisited by Michael Gerber.

It affects your schedule E. 2.

there are some positives, but many negatives to them, you should get a ratified deed up front, be aware that the lender could call the loan, be sure the seller will fully cooperate when it is time to formally transfer, seller could circumvent you at the wrong time, borrow against the potential equity or just say "forget it, i have a cash buyer"!.