You can buy Quit Claim paperwork from an office store and fill it out yourself if you feel comfortable getting all the information correct like lot identifiers and such.

@Nancy Bachety is correct, if you don’t want to answer a few questions and handle things yourself you’ll likely lose money.

So if they have $10 million, while they could invest in the stock market at 12% (which, correct me someone if I’m wrong, but pretty sure they are not allowed to make that type of investment with deposits).

so you own the property in an LLC free and clear and you are wanting to refi cash out is this correct?

If the improvements you mentioned are correct, raise rents and extra parking, then it looks pretty decent to me.

@Basit Siddiqi's advice is generally correct, but from a Canadian perspective:I've been working on an "Investment Chooser" calculator that takes into account current and future income tax rates.

Technically, other members please correct me if I'm wrong, the bank is able to pull the loan if it is switched to an LLC but in my lawyers 20+ years of experience he has never seen a bank search for this once the loan is originated.

Just wanting to make sure we are looking at everything correctly before we get out of due diligence.PP: $305,000Seller is contributing $9150 to our closing costs and we are putting 5% down.HOA is $500/year and taxes were roughly $2800 last year.HOA has no rent restrictions but does have a clause in their bylaws concerning household composition.

The folks who claim to have predicted correctly in the past generally are confusing luck with a prediction.

We spent about 20K getting advice on this and getting set up correctly, go to the best people you can find, you don't want cheap advice when your entire business is at stake.