After COB was removed, the transfer from a LLC to your personal name restarted the clock in terms of waiting another 6 months.This only applies with properties owned 6 months or greater and to properties that were not purchased with all cash.The ones with all cash in a LLC can still cash out into your personal name without waiting six full months in your personal name before closing on the new loan.Regarding your situation, the best route to take for the property you're trying to take out funds from is to use a local portfolio lender or commercial portfolio lender who has flexibility to fund in LLC'S or personal names.

Local banks sometimes have their own programs that are a little more flexible than larger ones, but are still going to want the 20% down payment.

I am into SFRs and am looking to enhance my knowledge in buy & hold investing

I am staying flexible with my exit options and am open to various ideas including potential owner carry.  

So really, it gives you more flexibility and more options that's not possible with the live-in flip.

I think the flexibility of a LOC is a nice thing to have. 

Nancy Bachety it really all depends on what type of commercial property, who will be occupying it, and what your overall strategy is (I.e renting or flipping) the mortgage banks and lenders have a lot of alternative underwriting programs that give a lot of flexibility.

Having the general entity in the middle to put on your contracts instead of you personally provides a lot more flexibility.

Some friends ended up buying it to use as a rental, so the date was flexible.

I’m currently developing my understanding of Real Estate Investing so that I can make a sound choice with my first property purchase.My job doesn’t lend the flexibility to be able to travel back and forth to assess a property for a long period of time but it does provide the capital required to start investing.