Mel, a break-even property can drain you dry.

I think with the VA, if I transferred it to an LLC it could potentially trigger some sort of due on sale clause since it's owner occupied, but I'm not certain.

Hey BP community, I'm at a stage in my learning process where I am ready to pull the trigger on my first investment property, pending current economic uncertainties but that is a post I've seen covered plenty already so we wont get into that! 

Everyone keeps on talking about all the dry powder but maybe that's for large funds but I don't think that reflects the more common investor.

Buying a property with a loan, then transferring it to an LLC, is not recommended since it is a violation of the loan terms and can trigger a repayment of the loan (even if you didn't sell the house).For depreciation, look into the Real Estate Professional tax rules. 

@Anthony Robinson It can seem time consuming and you’ll want to just pull the trigger, but based on my mistakes - don’t.

@Niko RossleyI would reccomend yal take some time and study up and save some more for a down payment with some cash reserve for when yal pull the trigger.

They already have virtual tours in place and cool perks like Amazon and dry cleaning lockers.

No....only a Sale could trigger taxes, a refi does not.

I am currently renting and haven't pulled the trigger on any of my own properties.