Eventually, I would like to transfer the property to an LLC. 

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

Quote from @Scott Blevins: Starting out a little older and had a question about sec 8 investingIve been thinks about purchasing some homes in baltimore and renting them section 8 to aquire some good cash flow and later purchasing in better areas and eventually getting out of sec 8.

-break even when you (eventually?)

Just a FYI be prepared for it to sell at a discount,Jay- I have seen people buying land notes for 12%-15% yield which is CRAZY and they are going to eventually lose their shirt once they go into default and the land value is repriced.Thank you for the info.

If his intention was to rip people off, wouldn't it eventually catch up with him and he'd go to jail? 

I’d love to eventually have a portfolio of rental properties, so just trying to figure out the best path forward.

Even if the numbers look good, you will get tons of competition that eventually will drive the price off your excel sheets.

After moving out, I will rent both floors out on a mid term basis.Given that these units will eventually be MTR, how should the upstairs and downstairs be designed?

Initially they balked, but eventually they relented* We kept our inspection contingency to void (not negotiate), and included a financing contingencyHow did you finance this deal?