An LLC is not free.

My question is can we create a LLC for her and Dscr refinance our current property into it to free up my dti?

If your not ready to spend money on a software you can use tax records.

Feel free to DM If you need any additional assistance.

Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

Feel free to reach out!

If you're free, we should meet up for coffee.

I have had investors pull equity from their homes in the phoenix area to buy cash flowing properties in Fayetteville and similar areas, because the price growth in the phoenix area generates amazing returns.It depends on if you want cashflow now or delayed gratification later.Keep in mind that when you do sell, there are costs to selling and depreciation recapture  and IRS taxes, which eat up most of your "equity" growth. 

There are tax benefits to running everything through an LLC, but again, seek advice from a tax professional.

Please feel free to reach out if you want to learn about the Memphis market.