The only thing I could think of is maybe if they have a very small % of ownership in the building (and I mean maybe 5% or so) and they take more of a payout up front and less of a payout as the property performs and appreciates; but again a good operator realizes that having equity in an asset is valuable so I'd be cautious of this type of setup. 

Additionally, the ownership of multiple homes can better protect your portfolio from non-paying tenants, downtime from repairs and other issues that may create a vacancy on the property.

Thought is we would have an LLC with an arrangement of the ownership of the property would be mine since I am fronting all the money.

After purchase I transferred the Deed to my LLC.

So the question is, should I refinance it to pull equity, get rid of PMI, and transfer the title to myself or LLC later?

I'm still shopping around but the rate I have in place for hard money for $145K is 30Y, LTV:80%Points3 = $3,480.00, Transfer/UW Fee $2,174.00 Title/Transfer Fee $4,000.00 HOI/Taxes Fee $2,500.00 First 4 payments Due $3,059.02 DP20% = DP $29,000.00Total Cash $44,213.02 Estimated Mortgage $871.00I don't have experience with flipping and zero knowledge of fixing a house (would love to) so my strategy as of now is just to buy and hold for the CF and equity; long term.

You will pay transfer tax and a little more than necessary if your llc recently bought it.

Now I'm not sure what the details are around deeds and ownership stakes etc, But it is a pretty simple way to work around that. 

Best thing to do is call the utility company and make sure they are in your name and ask them if they can transfer the balance from the date of move-in to your account. 

I just bought a house, there are tenants upstairs and down currently.  At closing, I received the security deposits and pro-rated rent but was denied the non-refundable pet deposit. I feel like we should also receive ...