I was profiting over $20k annually.

What would you consider a good minimum profit margin?

Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit. 

Happy profits!!   

I have found 1st lien mortgages to be very profitable.

$20k/month in profit? 

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!

She went through a couple brain surgeries and major post issues.

The commission isn't all profit and I think you do a disservice to our industry by furthering that perception.

the insurance companies are not charities; they deserve to make reasonable profit for providing the insurance.