Hey guys, I am starting a series LLC and need to get a business address set up.

I think 1-2% of loan amount at closing, 1% annually plus reporting and the ability to foreclose on your LLC shares in the event of a default.

One thing that may help is to have your PM write a letter for you (or you can write it) and then you sign it....very basic "Hi, I am NAME of XYZ LLC and I own the property you are renting. 

-I considered opening up an LLC and transferring the title for my current SFH into it prior to renting it out; but after speaking to my lender it's thought that there is no real financial benefit with doing this, and I personally would still fall liable for the mortgage, as well as legally liable.

If you're using a HELOC and an LLC, make sure the money is a loan to the LLC so you don't co-mingle funds. 

Another option is to create a partnership/LLC with another investor who is willing to add funds to get the renovations done in order to convert the property into a multi-family.

I do some digging and contact the owners of the LLC who purchased it. 

They said it's be a commercial loan, because it's an LLC, but they said they don't do commercial loans on residential properties.

Legal entities such as LLC's are not eligible for conforming residential loans. 

My presumption is that you have this property in an LLC and because the LLC doesn't make money, you cannot refi.