You may save a few thousand dollars going this route, but may lose a few hundred thousand dollars if you are not dialing in on your strategy and numbers. 

Dave’s team saved me from all that.

I would just make sure you're saving for reserves and expect that first year to be really about learning the house.

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!

That list of areas, it's what everyone talks about...Nobody raves or brags about the Detroit opportunity...I think I'll save my story for choosing Detroit for another time, but the long story short version is this: I believe Detroit is the greatest economic opportunity standing in front of us all today, and those who know how to navigate it will get stupid rich.Below is a snapshot of my Detroit portfolio. 

•On the flip side, a bank savings account offers one of the lowest interest rates and returns on investment, but it’s also one of the safest places to store money.

So if you are anticipating higher rents and therefore higher income next year you may want to wait till then if you are trying to maximize the amount of the cash out refi.

Budget carefully, prioritize high-ROI renovations, and adhere to strict timelines to maximize profitability.

The house I currently own, I am saving over $100k (estimated) on the rehab cost by partnering with this builder (and it takes me out simply finance the deal and, hopefully, make a very good profit).But to your point, flipping is not what it used to be.  

In that case you might save taxes building with them.