Also please note - the LLC's are purely for liability purposes, not for any kind of tax breaks.Best advice is do it first and ask for forgiveness later (be smart prepare your ability to do take out financing in the event they get quirky).Most lenders will be fine, I assume you've paid atleast 6 months payments so far prior to this transfer to your LLC.Who wants to call a performing note?

Im trying to understand my local area so that I can make a smart offer on my first real estate deal.Thanks,Robbie

You'll have to jump in and be as smart and aggressive as you can.  

At the risk of coming across as a bit devious you have to be street smart.

@Jake Thomas you sound like a smart man!  

So I recommend to you, you do some introspection on what artificial limits you are putting on yourself and read or listen to some stuff on that and more importantly network on BP and locally with people doing deals and see that a lot of them, know less about construction than you, are ugly, don't speak well, aren't that smart and you'll say if them, why not me.  

Some because they were terrible companies that had no idea what they were doing or they were simply not smart enough to change due to market demands. 

Prisons are full of smart people.

If you can lock in that low rate now and know you can drop MIP without a refinance, that would be a big win.There are some people on here VERY smart in FHA and other products.

Regardless, this is an awesome site with a massive amount of smart people and content.