Should investment properties be transferred to an LLC?

I'm waiting to buy my first property until I'm attending my desired 4 year University after transferring from community college.

I would like to transfer some properties in one LLC to another.

Some allow a transfer to an LLC right after, and some don't. 

@Fausto CarosellaThere are different types of taxes.There is an estate tax and an income tax.The estate(depending on how large) can be subject to federal and state estate taxes.Once the property is transferred to your friend, he/she may be subject to federal and state income taxes upon sale.One thing to be mindful is that there is a step-up in basis for inherited assets.

I’ll have to find out for sure.In a sale situation the Vivint contract says he must pay the “Transfer Payment” to buy out of the lease if the prospective buyer (me) refuses or does not qualify to assume the lease.There is also a “Default Payment” clause, which applies if you just stop paying the lease for any reason.

There are also great estate planning strategies that complement asset protection that will lower overall risk and protect investment partners and aide in generational exchange of assets.With two houses, one live in and one rental, they may want to hold the rental in an LLC or trust and planning this at the start makes property transfer easier. 

As part of the 1.5mm of financing,  I'm hoping to assume the mortgage and title of a rental property that I just bought in my personal name and transfer it to my LLC that is doing the exchange. 

It's customary for the Seller to pay the transfer taxes (and inspections for termite, well and septic if you are outside of the city) split the title attorney fees and the seller will pay broker fees.

But there is a way around this problem.The first step is to get your financing in your personal name then use a land trust to execute any transfers into your LLC or Series LLC asset-holding company.