If you want to be a "perfect person" you can even notify the lender of that transfer and show them that your rental income will cover their mortgage easily.long story short, just having any LLC is not really the question or an easy answer.If you can see yourself developing a portfolio of properties so you can create sufficient cash flow to live off it and no longer have to have a job, then doing it the professional way, create a business (Operations LLC) and put your assets in Child-LLC's for asset protection is the professional way to go.Yes, you can live without all that but please be aware that in a case of a lawsuit for whatever reason, all your assets, your income, your primary residence, your car, 401K, anything of value can be used to pay for any judgment against you as the result of a lawsuit.I recommend going the professional route from the start, not because it is legally needed if you only have one house, but because it is part of the overall investing journey.

By doing lease transfer for our agent to find someone to transfer her out fron lease.

If the Seller fails to cancel management, you could be held to the contract because all existing contracts transfer with the sale.If it gets to that point, I think you can pressure the PM company to terminate without penalty.

Most traditional lenders will only loan in your personal name and then the plan would be to transfer title.

I do not own the property as of now but by the end of this month it should be mine, just got the news from the relative and soon we will file a Florida Quitclaim deed form to transfer ownership.

Would it go to my personal account and then transfer to LLC bank account or does it have to be some other way?

Here are just a couple big ones off the top of my head:- I never believe a deal is over until I have cash in my account and everything has transferred contractually (as a seller), or until I walk into my new property and stand on it.

The way I see it, I’m thinking to refi under my name, and doing a quit claim deed transfer to my LLC instead.

@Brian GonsalvesYou first want to have a conversation with your parents to see if they are on the same game plan of transfering title to you.The downside of transfering title to you now is that you get transfer basis and don't get a step-up at a later point.Are your parents expecting the income from the rentals to fund their retirement?

If you have a premium ultimate rewards card you can transfer these points to that UR account which effectively doubles their value (similar to the AMEX membership rewards points) so it's almost like you're earning 10% in those utility categories and 2% on everything else.IMO the flexibility of membership rewards and Chase Ultimate rewards far outweighs actual cash back because with a little bit of effort you can get a lot more back in redemption.