You simply have to jump in, pull the trigger.

Some say transferring into an LLC might trigger something called a Due-On-Sale clause; however, this clause isn't typically invoked by the banks anyway! 

Anyon actually in this position have a thought on why they can’t pull the trigger?

So if your goal is to free up cash that's hard to do with out triggering a tax event.

Let's say you were the rarest of rare exceptions and somehow a Due on Sale was triggered, the remedy is just to transfer the ownership back into your name. 

This is when I plan to pull the trigger on my first deal.

And if Russel stops actively participating, then the very next quarter whoever IS still contributing automatically gets the helm (this should trigger a notification and an email to both).

I will hold off on refinancing until my renters pay the mortgage down to $90K (or I pull the trigger on making the garage a fourth bedroom and bathroom).

Being financially responsible is the first place to start.Mine were, after doing #1 for a few years:2: Get educated in real estate3: Decide not to go get an MBA, hire a mentor instead.4: Network and meet potential partners5: Pull the trigger! 

Since it's not commercial, a conventional loan cannot be initially setup in the name of an LLC, and technically it would trigger the "due on sale" clause to transfer the title after closing.