Hi Salvatore,If you don't transfer the title and the mortgage to the LLC and do all the paperwork to show your LLC instead of your name, then you are still liable for any issue that happens to your tenant if they want to sue you.Mortgage companies in general allow to transfer to an LLC after one or two years.As Bill's mentioned, don't commingle funds is key as well, as soon as an LLC is open you have to open an LLC business account and everything towards the LLC goes there.

The house has survived many hurricanes with little damage, but the insurance company said they would not renew coverage without a windstorm exclusion. 

I am thinking to open an investing company.  

. :)Also, this is not a "conversion" - you only need to move the funds to a custodian who allows using their funds as self-directed.

Welcome to BP Anders,To be honest, you should invest in syndication deals or real estate funds.

The Management Company is recommending at this point, because there is a dispute, to send some kind of bill showing that this work was done and if not, it would be best to issue a refund.

If you have funds of your own then that is fine.4.

Left the market, completely or partially, and had to choose between using funds from either accounts?

We love commercial transactions as the funds are usually safer than with single family investors.

The bank/lender who is selling wants the proof of funds as a bank statement with the exact name of the person on the contract.