I would advise you look at a few more deals before pulling the trigger on this one.

Daniel,So, now you are saying that the above notifications will or possibly could trigger an adverse effect from the bank?

Say for example and over zealous investor or someone who thought themselves a big shot, but skipped out on basic due diligence, market research, and investors basics before pulling the trigger on 'that property'.

I am guessing using an escrow company will take care of the year end tax documents or any other compliance issues?

Sometimes there are lenders who are hesitant to lend to a LLC specifically and buying them in your personal name and transferring them could trigger a due on sale clause.Not sure why you would be running into any problems since it really shouldn't be any concern to your lender and if Schwab doesn't want to lend you have a lot of other options.If you are taking out a HELOC on your primary residence to buy property free and clear property in a LLC that should be fine.

Since the exemption is limited to $1,000,000 within any12-month period, issuers might find that the up-front compliance cost is too great to make the exemption practical.

Another thing that can trigger due-on-sale is when the lender verifies insurance and sees a different party on the insurance.

In addition, would a growing portfolio of rentals trigger the wrath of the Alternative Minimum Tax?

I left my number for the head compliance officer to call if there were anymore problems, and I never received a phone call. -- in the middle of all of this, my father had passed away, and most of the items on the outside of the house were from his house as I was clearing his house out to give back to the bank.

Realize that the amount of taxable profit realized on the sale could trigger underwithholding penalties unless you file quarterly estimated tax payments in 2012.