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!

Timing and location critical Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Would have done better if not slowed down by COVID in 2020 Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

My best recommendation would be to find someone who is doing something similar to what you hope to do in the space and have a coaching call or two.

If you can find practice tests, that is my recommendation - that is what I did after taking the required time component and did not have any issues passing the test. 

I only have 4 SFR with sec 8 but I’d highly recommend it.

Hiring a local real estate attorney or working with a knowledgeable agent is recommended to ensure compliance and protect your investment.3.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Is it still not recommended to invest in this negative cash flow property. 

If NY is where you decide to be I would strongly recommend connecting with @Mohammed Rahman he is who I would use.