While yours would not have the mortgage payment to make, a good leveraged deal will generally out perform a cash deal.Second, you will have to save up an equal or greater sum for your next property.

If the deal falls apart, at least you saved some money / headache by not setting up the LLC too early. 4) Who holds the title - LLC, or us as individuals?

You could eliminate the middle man and just pay off the original mortgage with the re-fi, and save a few thousand dollars in HML fees.

A knowledgeable, reputable mortgage banker is worth way more then the few bucks you might have saved going with the lowers rate.

If yes then speak with your new bank and see if your debt to income plus the condo debt plus money saved for a DP will allow you to get into a 2 or 3 fam.

Paying off your home is/can be saving for investing.

It’s the ultimate tool for transparency. 

Pick their brains, their successes and their failures3) Take Action: Save capital, evaluate deals.

A HUGE savings .

If I was blowing through savings I think I'd be freaking out about no paycheck already.