Look up "procuring cause" or how you found the seller.PM me if I can assist you in a lease option assignment, where you enter into a lease and option, and sell your interests for a fee of 3% of FMV or more.

I bought a 4 unit property on my name by taking a personal loan, wrote leases on my name and also procured insurance for the property on my name too.If I now have to transfer to an LLC, what is the process involved? 

A main question in this kind of situation is who brought the buyer.For example, if it could be shown that the buyer came to the seller because of the marketing efforts of the listing agent, that would likely have an effect on whether or not the listing agent was due all or part of a commission.In this case the buyer is the tenant and therefore wasn't brought to the transaction via the listing agent (unless the listing agent procured them as a tenant in the first place, in which case I don't know if that would count), and the listing agent apparently hasn't spent any money on the listing yet.

The vast majority of the time, vetting protocols such as background and credit checks work for procuring reliable tenants.

In those conditions, you would look back and wish you had procured a 10 year balloon instead of 5.

The agreement can be customized as well for example an agent can write in a clause that if you’re unhappy/ want to work with someone else then the agreement can be terminated with something like 72 hours notice (first agent would probably have “procuring cause” on any properties they’ve showed you already), or the client can work with one agent for one type of property/ a specific part of town and a different agent for a different investment goal.

I use apartments.com for the application process since they manage procuring the credit and background check.

Hey, I'm getting ready to transition out of the military in the next 2 to 3 months and I have 20k in savings and I want to procure a mulity family unit in Georgia.

Procuring a Tax ID was a different process and another $50 I think. 

Anyways, I am looking for anyone in the Twin Cities Metro area of Minnesota to network with regarding experiences with rental properties, buy and holds, fix and flips, etc and the methods to procure those properties within the state of Minnesota.