Plus buyers might feel rushed into making a buying decision as the longer they shop, the more hours they are getting billed for. 

I ended up starting off with an OOS investment here in Ohio because both the numbers & landlord laws made sense out here and I haven't been disappointed with my decision to do so.

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!

I know it's a balance of reality, values, and what makes one happy that guide our decisions.

By understanding the key investment strategies, the tax implications, and the challenges associated with the market, U.S. investors can make informed decisions and successfully diversify their portfolios with German real estate.For Americans seeking to invest in a stable, thriving property market in Europe, Germany should be at the top of the list.

Then assign points and notify the applicants of their standing?

I would encourage you to do a deeper dig on the financials and take your own skill inventory in making this important wealth impacting decision.  

Once they receive this and notify us we ACH/wire the funds back.

There are so many "easy" decisions when you form an LLC that aren't really easy, and you need a good CPA to see your entire situation before they can give you good advice. 

@Joey Chalhoub This decision should be read narrowly to address statutory frameworks such as MN where state law permits it to take property to satisfy real estate taxes/penalties/interest, sell it, and keep any surplus outright.