What are the steps to getting an investment property under the protection of an LLC?

I’ve opened up an LLC for the purpose of asset protection, and before I continue, I want to make sure all the ‘t’s are crossed and the ‘i’s are dotted.

I intent to assume a loan from a failing homeowner and transfer it under my LLC. Is that the wrong way to do it? Someone with the experience please help out this first time investor!

Thank you so very much

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