article=1279&context=faculty_articlesForeclosur eclosure Equity Stripping: Legal Theories and Str quity Stripping: Legal Theories and Strategies t ategies to Attack a Growing Problem9. https://www.legalmatch.com/law-library/article/equity-stripping-lawsuits.htmlWhat Is Equity Stripping?

Property values have been appreciating rapidly in recent years, and the city’s population has started growing again—a trend we haven’t seen in decades.I’m also based in California and have been investing in Detroit for several years, so I understand the concerns of out-of-state investing.

You don't need the LLC but you may want it in the future as your net worth grows.

Some carriers require limited water damage coverage depending on the age of the property and age of utilities.I would recommend at least 25% (ideally more) when possible and if you're limited to 10% you should make sure you cannot purchase another policy for a similar price.

Also, grow your contractor lists, maybe make posts about their work.  

Go Google the average current age of electricians, plumbers, etc.

However, I enjoy the more operational side of flips and would like to grow my business out of state to increase flipping volume and have less competition in finding deals.

Atlanta MSA is great and growing, but Multi-Family supply coming on line there both now and through next year is significant, wouldn't this be a better/cheaper deal 1 year from now?

And you'd be shocked at how fast things grow back. measured in days not weeks or months if has moisture. 

Now I own a thriving property management business, run a real estate team helping other investors learn how to grow and scale their portfolios, I have my own modest investment portfolio and have two development projects going at the moment.