As a nomad that literally hasn't had any homeowner type of responsibility in years it is a bit of a mental hurdle to get over pulling the trigger on purchasing and renting several properties.

Call of the banks and credit unions within a 1 hour drive of the property and you will find a lender.Also, you cannot change it to your name and then change it back to the LLC afterwards since you are changing the owner of the property and it will trigger the loan to be due in full.

The "due on sale" clause will not be triggered.  

Another factor (which I include in my summary tables below) is that I would eliminate my commute (20 miles each day, which I estimate comes to about $71.25 per month).I don't think selling would make sense at this point, since the 6% real estate fees would take away ALL of the equity I've built on the house.Now, if I look at it strictly from a financial perspective, it probably makes the most sense to stay in the house, but I find myself wanting to pull the trigger anyway.

If the numbers work (have ARV, know repair costs, etc) pull the trigger.

- The only way for you to take ownership of the property personally is to take an in-kind distribution of the property (which may trigger taxes and penalties depending on type of IRA and your age).

Sure I may not have the 30k I do now, but now that it's time to pull the trigger and I'm a little more educated.

I'm currently plugging all the numbers from the listings into the model calculator (most properties tend to be overpriced) but I'd like to know what other steps I need to take to make sure it's a good deal before I pull the trigger.

$2200 in back rent I’ll never get back, twice having to get an exterminator to kill bed bugs, and no income for one unit for 15 months.Stop over analyzing and just pull the trigger on a property.

@Elias French As long as you don't take money out of your 401k or convert anything between traditional and Roth accounts, then it is my understanding you will not trigger a taxable event since you are only moving money around rather than withdrawing.