That approach makes a lot of sense—focusing on key value-adds like bathrooms, curb appeal, and open layouts can really improve returns.

Hopeful that ill make my first deal this summer. 

In the future, either get your Real Estate License so you have access to the MLS, or make friends with a realtor so they can get you comps to get an ARV.  

Please stop asking us for "the best" zip codes to invest in.Detroit has around 183 Residential Neighborhoods - wouldn't it be nice if "some proprety mangagement company" Classified them all as A, B, C, or D on an interactive map that real estate investors could use to make better decisions?

•LLC Transfer: While many investors do quit claim deeds to transfer properties into LLCs, some lenders don’t enforce the due-on-sale clause as long as you keep making payments on time.

The 1099 will reflect the amount of money that you sent to the owner.

Quote from @Douglas Varenas: Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

However, you can file Form 8832 (Entity Classification Election) to change the LLC’s status to a disregarded entity, provided you act promptly.If you don’t make the election, you’ll need to file Form 1065 by March 15, 2025, adding complexity but retaining the same tax benefits, such as deductions for depreciation and repairs.

It makes lead management way more efficient since they get to focus on people who actually want to do business. 

Since I've owned just a few days over a year, I'm not a happy camper and have no doubt they knew this was going to happen when they took my money last November.