If you have access access to an 'Asset Protection Attorney" (Local), this is a good question to ask him/her.And also be sure to ask your tax person about the cost for maintaining either structure (accounting, tax, quarterly filings, etc...).Everyone always wants 'The Best", but (for instance) a Rolls Royce is considered one of the best, and it COSTS a lot more then a "Used Camrey".Getting expert advice on your personal situation is always best, vs just winging it based on someones response to an internet post.That being said, a Living Trust can own an LLC, but if that setup triggers an added tax return or two, IRS State and Local ($$$) is it the best choice.Which cuts down a tree better; a chainsaw, or a beaver?

To show the hard money person- you need it sitting in a checking account.0% start rate for say 12 months then the rate jumps to 24% or $1601 a month plus your hard money loan, taxes and insurance.

You should do something like this in cooperation with your accountant because you don't want to mess up your taxes and have to pay for something you shouldn't be paying for. 

But there's more paperwork and rules to follow.Think about how comfortable you are with risk, what you want to do with the property, how taxes will work, and if you're ready for the extra work an LLC brings.

This is why the spreadsheets that analyze real estate investments include lines for vacancy, all expenses, taxes, capital expenditures, etc. so that you can be very certain that the asset can pay the loan payment each month and you don't lose sleep.

Not sure if these markets are old news, but I have a friend in Winston-Salem that says its a gold mine, and by all means it looks like it…low crime, good schools, population growth, friendly taxes, and reliable tenants.

The experience was very poor and began with a lengthy application, asking for all sort of documents including tax returns, rental schedule, voided check, credit check etc, just to get a pre approval letter.

A couple of my favorites are Opportunity Zone Tax Credits and Low-Income Housing Tax Credit (LIHTC).

So they have this property tax owed information, but not older tax liens, so I'm confused or uncertain.  

I would refinance it in 12-24 months and transition it into a investment for tax purposes but that’s up to you and your family.