My name is still the only name on the mortgage and title.

You’re in a great position with a property that’s appreciated significantly, a low-interest mortgage, and clear goals to boost cash flow and transition into full-time investing.

So can I calculate my cash on cash return like below $40K(appreciation)/($42k(Down payment)+(2.1K(Monthly payment for Mortgage+HOA)*36)) = 40/(42+75.6)= 34% so the annual cash on cash return is about 1.34 to find the cubit root.

If you have bank loan (not an agency loan) or no mortgage at all, an LLC is certainly an option.

@Dan GroveAs a private money lender I agree with Nicholas' sentiment.

With most mortgages you can move after one year without any problems.

You can log into their daily 5 hours of zoom calls to hear them answering a variety of questions as continual learning and ask private chat questions on your specific needs too. 

I want to cash out refinance and close it under our LLC as DSCR mortgage.

I have found it is beneficial to rent your smaller homes with the program and your larger homes (same number of bedrooms) in the private market.

Just note that if you want to put the property into an LLC and have a mortgage on it, you will need to talk with your provider to see if this is possible without refinancing.