I came across a firm (KBKG) that offers a $400 DIY cost study (paying for a membership). 

We'll offer you some money so we can clean it up and put a park there.

When I asked my agent about options to back out, he didn’t really offer any advice.

Multiple offers situations are the rare exception, not the norm.

I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.

Whether you’re offering services, partnering on projects, or exploring your own investments, leverage your expertise to identify undervalued properties and add value.

They sound very knowledgeable and I am interested in jumping into the customized course they offer. 

Then offer the creditor a percentage of this amount as settlement in full.  

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!

Learn how to analyze deals, and analyze at least 20 of them just for practice and feedback before you make a real offer for any property.