Even if they can see you used to own a property, when properly transferred it will look like it was sold to investors.

I put in that low value because we plan on rehabbing the house to a fairly new condition so I am assuming we wont need much repairs or CapEx for the first few years.The tax rate in philadelphia is about 1.4 so i rounded up to 3600 per year its more like 3550ish.I was looking to see if there were any alternatives to this waiting period, I found one lender who does not require a seasoning period but the LTV was 70% and 6.75%  for 30yr, which would leave some cash in the deal.For closing cost the buyer is paying all of the transfer tax which is close to 4.3%($6500), as well as 2 points for the Hard money lender, and title search/insurance ect.Yes the first loan is a HML.That 15k is a mistake, thats for catching that, I added in transfer tax again, it should be closer to 3000, as the lender is not charging any points only a $500 doc fee and title, insurance and escrow cost.

To be clear however they are only a broker and our mortgage has since been transferred to Wells Fargo.

You can’t change an LLC to an S Corp. you can make an election to be taxed as a C Corp, S Corp or partnership but you can’t change it.You can file a new Corp and transfer the property. 

@Joe Jude  I would actually consider the personal loan, more because it's transferring the debt from secured to unsecured. 

(considering I can get it with no deposit and of course no transfer costs)3.

Our country just transferred from soviet society into free market economy 29 year ago and real state business is so young like this.

But judge has been dragging his feet on making a final call, to finally let this deal close and title transfer to me.The foreclosing bank's attorneys are not pushing as they have far too many to deal with. 

I have a 3 family/Triplex and the owner transferred the deed to me.

Do you have a separate account you transfer the money into and use that to pay capex/opex?