Taking title in different ways

[Richard L Truitt]

I will be inheriting a single condo debt free in a few weeks and will take title in the name of my already created LLC. This unit is already rented with a long term tenant, so it will cashflow on day one of ownership. My question is I plan to expand into small multi family buildings. If I find a 4 unit building this will require residential financing, if I find a 5 or 6 unit apt bldg it will require commercial financing. If I go 4 unit I can't finance in the name of my LLC. So is anyone running their business partly in an LLC and partly in their own name? If I do this until such time as I can transfer the title into my LLC, will that raise a red flag with the IRS when I report LLC income as well as Schedule E income from rentals in my individual name?