I have decided to rent out my home, It is currently a homestead. Due to risks of renting I would like to put the home in a LLC. Now my question is can I create the LLC, and then have the LLC purchase the house with its own mortgage, so I will remove my credit and other liabilities from the property and also because have a bad mortgage and can not refinance with a better rate ( Even with a none homestead loan I would come out ahead). It would be great to consolidate the $10000 in work I put into also. It will be managed by a property management company (if it makes any difference). I don't know if I can get a mortgage company to do a loan like this but since it will have income, Is it possible?