With a Deed of Trust, the title is transferred to the trustee when the money is borrowed.

This includes having the lease agreement and any associated addendums readily available.It's also important to have a clear plan for all the necessary steps involved, such as collecting the security deposit, conducting the move-in inspection, facilitating the utility transfer, and preparing the keys, etc...With more options available to applicants, it's important to be efficient and organized.

Generally speaking, unless the purchase contract stated otherwise, the existing lease on the property would be considered part of the property and would thus transfer with the property.

You have a fair amount of transaction costs (commission and transfer taxes) that will eat into any appreciation.

The quick answer is sell or transfer your equity into REI in other states.

If they don't support a new mortgage, then you will have to sell it based on appreciation (a harder sell usually).A few other things to know, depending on what platform your future bookings are on they aren't completely, or easily transferable.

So does that mean I would need to transfer title to my personal name, then transfer it back to the LLC after closing? 

Alex,The mortgage remains in the borrower's name, so it’s crucial to avoid triggering the acceleration clause when transferring a property into an LLC.

The benefit is significantly less red tape compared to working with your traditional local banks who also do new construction financing.

Then you find that the “statistics” are skewed by “survivor bias”, mergers of REITS, property transfers at artificial prices (seller finance at 0 interest, etc.) and a tendency to make unfavorable history “disappear”.