Both are duplexes and have been a great decision for me.

You’ve already taken a decisive step by proving your reliability to friends and family, which is huge.

Now that you know this little secret (that most don’t), you can make informed decisions when it comes to increasing rents for new leases and renewals.

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!

This is a classic case of trying to let the taxes dictate the investment decision.

Both times I was happy with the decision, so I think either decision will be fine, pending your location. 

Quote from @Brady Ascheman: Let's talk about this directly as a business decision.

The decisions and actions you make today can lead to incredible long-term benefits, so it's great that you're starting now.A good starting point is connecting with a lender that aligns with your goals.

My DSCR loans, aside from the very first one I got with poor credit, have been right around or below average interest rates.

Holding investor funds without a clear and reliable process for withdrawal reflects poorly on RAD’s reputation and calls into question the ethical nature of its practices.