To avoid these costs, a common strategy is to set up a land trust to hold the property title.

@Jacques CaspiI like the reason behind the idea but I think the idea itself is very bad because, if you implement it, you risk having 10,000 members replying "Welcome" when a new member/poster introduces him/herself.

Construction is almost always tricky to understand the costs upfront because of the unknowns, also really dialing in your renovation plan before purchasing makes things simpler and quicker.

Half the calls, half the headache, half the cost.

The only reason I want to do a cashout refi is to get rid of my current high interest rate. 

Regarding annual cost, LLC is better. 

If I had held onto that property, it would be cash flowing $800 and have $180,000 in equity.The only reason to sell property?

Cost of the website was $65,000.  

Quote from @Scott Trench: @Scott Johnson we typically don't delete forum posts, and I don't see a reason to make an exception here. 

They accept it as a cost of there decision.