If you had the down payment, have you done the math for the expected rent, PITI and reserves to see if it would even be a viable investment strategy? 

[Source: Federal Reserve Bank of St.

This is literally what a pre-approval letter from a lender does - it shows that a lender has taken a solid look at the buyer and confirmed that there is a decent probability that they will get the loan needed to close.

As long as the lender knows about the move from name to LLC and confirm it you are good to go should not be an issue.

Confirm with a tax professional if you'd like.

You also want to look at your liquid reserves because as you buy more rentals more PITI reserves are required and a Heloc can "Never" be used as an asset or for a PITI reserve.If you evver have any questions feel free to reach out I enjoy talking REI and I deal with them every day as  Banker.  

I also make sure we're above our minimum reserve target, which is roughly $1-2k per unit.Call me simple but the bank account doesn't lie.  

Stop trying to hack your way to more money and just earn more money consistently and save it until you have reserves and a downpayment for the next one.

Amy - To confirm, the tenant has given you notice that he will be moving out but you also want to send him a move-out notice? 

I also spoke with a landlord/tenant attorney over the weekend, who confirmed the same.