I'll also place each individual deal under it's own LLC.

Many times two people will each own property before they get married and not change the deed from individual to joint tenants - sometimes for years. 

I retired early nearly four years ago and needed to increase passive income to fill the income gap created by my paycheck's ending.

I think the main idea of my post is that banks don't typically lend to businesses without sufficient assets and business operations - likewise, banks typically don't lend to individuals without income and credit.

I am renting the property as an Airbnb so I created an LLC and all the income is going to the LLC bank account currently. 

South Carolina being a lien theory state, one would normally have an attorney draft a mortgage (which creates a lien on the property and makes the full balance due upon sale) and promissory note (which outlines the payment terms, interest, etc).

Hi all need help.. i live in NJ but i am hearing i will get more protection if i create my llc in a state like Nevada and just register in nj as a foreign entity, which i believe will cost more since i now have to pay two states fee.

By creating a written lease agreement, you give yourself the ability to create restrictions on the tenant to protect your investment.

Created some delays.

You might consider 5 individual commercial loans.