Sounds like you are attempting to make this happen with a conventional lender...lending laws don't permit these guys to originate to an LLC...if this is your chosen course, you'll need to transfer title to your personal name...but since you are unemployed this will almost certainly hit a brick wall.I would look for a loan broker...they'll figure out something...in my opinion the fees are worth it if they can make a deal come together...you'll likely be looking to a commercial lender...but most have minimums for portfolio type loans...$500k combined appraised value....and you'll need a good equity position and strong cash flow.

If you're worried about a property with a lot of different deed transfers I'd suggest talking with a real estate lawyer.

There are alternate options to transfer air to/from bedrooms, but those get somewhat complicated.The cassette fan coils are ugly and take up wall space, You also need a thermostat for each one so you have to plan for labor for that wiring.In my experience the Japanese products (mitsubishi, fujitsu, daikin, etc.) are better technology than the American manufacturers (trane, lenox, etc.).

Here is a quick rundown for you on those people however if you want to review yourself: Disqualified persons are individuals or entities between whom or which an IRA is prohibited (absent a special exception) from engaging in any direct or indirect sale or exchange or leasing of any property; lending of money or other extension of credit; furnishing goods, services or facilities; or transferring to or permitting the use of IRA income or assets.

Seems the IDOT is the only way around the transfer taxes for me since my loan is not commercial.

However, if you want the property in an LLC, at this point, you probably want to purchase the property in your name then transfer it to the LLC.

How do I transfer my home into a trust?

First transfer tax between me and the seller, then the second time between me and a buyer.

- If I own property personally can I transfer them to the CCPC or do I have to have some kind of contract of purchase in place?

In either case, you should verify that you are eligible to transfer the funds from your existing retirement account (e.g. if the funds are in your current employer 401k, you will likely not be able to transfer until you quit your job).