There are ways to transfer property after, but you'll have to consult with a specialist like @Scott Smith .Here are some graphical representations to help you in these decisions/discussions:Asset Protection Onion DiagramAsset Protection Decision Diagram

Started renting it out in early 2017 due to job transfer with a neg cash-flow of $100.00.  

Currently trying to set up an LLC to transfer the title of ownership from our name to the LLC. 

Many financial lenders may want your personal name on the closing but then you might be able to transfer it into the LLC. 

They are as follows:The ownership rights of the partnership cannot be individually transferred, sold, or given to anyone outside of the initial three owners (My father, uncle, and aunt)"Buy-sell event"- If any one of the owners become incapacitated, pass away, become bankrupt, or get divorced, this triggers a buy-sell event automatically.

My option is to close in my personal name and then transfer them into an LLC

The reason is that the Fannie/Freddie lenders could use the Due on Sale Clause to recall a note for a direct transfer into an LLC.

What we would do is either transfer the full deposit to you, or keep it on hand to apply to the rehab.

With the changes in law you should be able to transfer the property into the LLC after the purchase is complete, but I would encourage you to talk with an attorney and have them review your situation specifically.

Most often, spouses' personal relationships are transferred to the office, and in the home environment a man allows himself to treat a woman as a subordinate or vice versa.