There was an article published in Sept 2024 that showed the average consumer would save over $10,000 by working with a broker vs a direct lender over the life of their loan.

I'd like to keep savings and be able to hire out some of the work (something we have not done in the past).My thoughts are to put both into an LLC and look for investors or a business loan, and purchase and move to a new home.

Here's info on screening tenants here from BP - and a link to a screening partner.BP's Tenant Screening - Ultimate GuideGood luck.

@Robert Rixer so you would suggest saving up enough cash to buy as an investor for my next property?

@Chris Seveney, do you pay self-employment taxes on your interest income from money you have in savings that is also taxed as ordinary income?

This is a great savings. 

I see (and endorse) the analytical, structure-side of what you are saying, and ultimately, like I said before, I appreciate your post.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

If you can save money and renovate and the ARV allows you to pull your intial capital out sooner, I say go for it!

Ultimately, consulting with a real estate focused accountant is the move here, but this should be a helpful primer.