But it can make financing more difficult if you buy in an LLC as you’d generally need to use a commercial loan which would have an adjustable rate and require a much bigger down payment.Many people buy in their own name with favorable residential financing and subsequently transfer to an LLC.

@Kenneth GarrettThank you for the reply.I just wanted to clarify there is no claus stopping the transfer to a new bank.

Hi I am new to flipping and bookkeeping both so please bear with me, if I am not wrong I will be putting the cost of a wire transfer fee into cost of goods sold for a specific property, or would they go into my business expenses?

So long story short, is it possible to house hack consecutive multi-family properties under a primary residence without selling the first one or transferring  it to an LLC and deal with all that comes with that?

I have all the rentals on my schedule E.

Some additional items to make sure are considered:Make sure you include a due diligence period that starts only when you've received all requested docsPart of those docs should include bank statements so you can verify rent roll against actuals (and reviewing the statements may also bring to light other aspects you wouldn't have been aware of otherwise)Security deposits should be transferred to new PMPro-rated rents for the month of close are transferred to new owners and reflected on HUDA list of all section 8 tenants, if any.

I like giving Longhorns e-gift certificates, myself.

If your wanting to use a residential mortgage then you’ll need to transfer ownership into your name from the LLC.  

3) If we think there are genuine reasons , we are offering a combination ( not all) of the following options.   3.a) Waive late fees.   3.b) Adjust their security deposit for the next months rent.   3.c) Offer flexible termination of the lease, if they want to vacate and move with family    3.d) Offer them additional 30 days to pay current rent.    3.e) Issue a notice to them that is empathetic to their situation , but also puts the eviction process rolling so it         can be executed once we we want and are legally able to.4) If we believe that they are taking unfair advantage of the situation and not paying rent ( They still have their job , no sickness etc) - we are providing them a notice to intent to evict as soon as we are legally able to.Welcome thoughts on anything we can do different.Thanks

Engaged in any activity (definition):You are ineligible for unemployment insurance on any day in which you perform any services in employment or self-employment regardless of whether you are paid for these services.In my tax return I report the income in Schedule E, I don't have a corporation.