Pipes looked remarkable for their age (very little pitting) and were no where near end of life.   

Good luck with your house flipping business, and I hope you find the right professionals to guide you through the legal and tax aspects of your venture! 

What is you opinion on setting up LLC and other aspects of this business first.

Remarkably, even during the Great Financial Crisis, Lexington experienced growth in home prices probably in part due to the USB.With a diverse job market, Lexington exhibits resilience against severe economic downturns as well.

I want to get involved in all aspects of real estate investing. 

Overall, it's great that you're thinking ahead and considering all aspects of the rental!

I conduct them just as I would if the client were standing next to me, pointing out good and bad aspects of the property.

@David Bennett I am guilty of being the ‘nice and forgiving landlord’ in this circumstance and letting the behaviour repeat so I’m taking it as a learning lesson that being kind and cordial is always a good thing - cause I really do love the people aspect of owning rentals and providing people a nice safe home to live in - but don’t appreciate being take advantage of :-)

If your property has any special aspects, you may find that the recommendations are not addressing it or indicating you should remove a needed coverager.If this is a 1-4 family rental dwelling (completely non-owner occupied) the likely policy is a Dwelling Fire Policy.  

I am glad you mentioned to lending aspect of not having the W2 income.