Now what do you do? 

I was told they can do the loan.

But let the tenant buy/maintain it.D: Same as C, but don't let the tenant buy it.So, what do you thing?

The whole idea of an LLC is to prevent future damages.The doctor said I could smoke cigarettes because most people don't get cancer from it.99% of the people asking about LLCs in the forums here do not need and can not form an LLC to carry a property in because they are using residential loans and don't have an LLC with 2 years of tax returns.

I will need to do some minor updates to the property (painting, updating bathroom tiling, updating trims, etc) in order to get the property rent ready. 

Do they just transfer somehow? 

A simple DSCR (rent/PITIA) calculation can be an easy way to evaluate the property if you are doing that type of loan.

Non lenders do not.

So where you'd save a small amount on UW fees and perhaps cross collateralized title fees by doing a blanket loan, you will lose all that savings and more IF you ever decided to refi/sell one without the other... just a heads up.The other issue here is you say your assets are tied up... meaning you have no liquidity? 

Reason I ask is when you look at the actual final rate its almost not worth doing the 2-1 or 3-1 buydown since the rate is higher than taking a normal rate.