@darrensager I'm curious to know what most property owners do when it comes to protecting yourself and also tax purposes.  

I think it is best to have it as a separate transaction for transparency purposes.

I asked a question and she was able to answer the question and went to someone to get answers she did not have.I think QuestIRA was offering no account fee set up but that may have been a promotion as they had fees when I looked them over.I have a traditional-Ira and a ROTH-Ira and the ROTH has the same guidelines as any other wherein you can contribute up to the IRS mandated amount per year.

My wife and I recently purchased an investment property, with the intentions of establishing an LLC.I spoke to our lender (Quicken Loans) and they will not allow us to transfer the title to an LLC.Our sole purpose of moving the title to the LLC, was because we are wanting to purchase another property and based our Debt/Income ratio, it is unlikely a lender we agree to a 3rd mortgage.What other options do we have?

Can I put in an offer and purchase the property in my own name, then somehow move it into an LLC for tax and liability purposes?

Hello, As the title states what's the difference between purchasing an apartment and a single family home for an investment purpose?

(Assessed values are irrelevant for lending purposes - you need to know current as-is market value.) 

Lastly, when a self-employed individual maintains more than one trade or business, the questionarises as to whether the limit is based on the sum of earned income or loss from all trades orbusinesses under common control [as defined in IRC 414( c)) as modified by IRC 415(h)], or ifonly the trade or business maintaining the plan being tested is used.For purposes of the IRC 415limit, earned income for the self-employed individual is based on the sum of the earned incomefrom all the controlled trades or businesses, regardless of whether the related employer maintainsa qualified plan [Reg. 1.415-2(d)(6)].EXAMPLE: Andy, a sole proprietor, operates a law practice as a sole proprietorand has $100,000 of self-employment income from such practice for 2008 (prior tothe reduction for one-half of self-employment tax).

It's also about working with escrow and title, ensuring your lender is covered by the appropriate hazard and lender insurance, making sure your loan is in compliance as either a business purpose or consumer purpose loan, and that you've provided and signed all the appropriate disclosures, which can be numerous.This assumes of course that you should even qualify for the loan, which a good lender should establish.

The purpose of hiring an appraiser or inspector depends on the situation.