I am joining this community to hopefully get some tips and support So that I can start purchasing out of state properplease with confidence.

Too many people try to save pennies with short-cuts (like using online tax programs) while they are walking over/not seeing hundreds and thousands of dollars they are missing or already missed.

I've read a few things online and I think it sounds legal/doable.

The refinance itself, will be treated as a loan purely to be paid back by the LLC over time.It is best to speak to a CPA or Lawyer pertaining to this first and foremost to properly discuss the private details that should not be shared online. 

Are there any other courses of action I'm not thinking of?

Of course they get a kickback from it but you have all these people literally paying $600+ to have someone to fill out an online for that takes 5 minutes...

Of course if your all cash drag and holding costs wont matter in the long run.So for us they simply never pencil from ground up because of the cost and absorption time.

While $60k is a lot, can you live with it if your property goes up in value by hundreds of thousands over the course of many years? 

Any tips on how and where to start educating myself better?  

Looks like rates are between 6% and 10%.LOLLike others have said, it depends on how the loan is structured-DSCR, full doc, bank statements etc...Of course, credit and loan to value are big players in the rate as well.Stephanie