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!

Price points will vary widely here.

As you are living in the US and might this virtual LLC office work, it could be an interesting option. 

Right now you are just looking with a wide scope.

Florida’s got options; it’s all about digging in and making the right move!

Once they are leased, then you can take over from there.There are several software options if you want to self manage.

Explore the possibility of doing liability insurance instead, if you don't have much equity it may be your best, and much cheaper option.  

I am not there yet, and hope to not have to go that route, but would be good to know all of my options. 

The cash flow is a bit sub par on this one and I anticipate some larger expenditures coming my way in a year or two so I'm contemplating this as an option.

Would a home equity loan be a viable option in this situation, especially in regards to eliminating some of the red tape I'm running into with a refinancing an scorp-owned property?