re: Personally owned property vs LLC Rental Question

While possible, this also implicates a myriad of other issues. Particularly, assuming you borrowed money to purchase the property, I would be shocked if the provisions of your loan (particularly your due on sale clause) did not prevent such a transfer, even by warranty deed or quitclaim. Secondly, you'll likely run into title insurance issues which would need to be cleared with your title insurer.

There are numerous reasons why it is advisable to own rental properties under the umbrella of an LLC. There are also numerous reasons why it is beneficial to own rental properties personally. The difference in terms between residential and commercial loans are not "horrible," and at a certain point, you have no choice.

Again, all of these questions should be pitched to your attorney.