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.

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

.- 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. 

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?

I portrayed it as if you want to "eat your young" so to speak and just consume the principal, but if you reinvest the funds pulled from the properties, you essentially transfer all of the equity from the properties to something else tax free (assuming you keep the properties).