It should cover nonpayment & eviction costs also, which you will have with Class C tenants.2) Class C will also have higher RentReady turnover costs3) If this is in Detroit, what about Certificate of Complianec repairs?

As expected, no one bid on these two parcels so I paid the taxes on each ($5,874.69 + $5,967.39) and received the two Tax Sale Certificates.

If just managing it, check local and province laws about what certifications or licenses you may need.

For anyone looking at this in the future, if you want to get an LLC in Texas, this is how:First you have to get your certificate of formation / filing from Texas Secretary of State...1) Go to http://www.sos.state.tx.us/2) Go to "Business Filings -> SISDirect - Online Searching and Filing.

You want to get it inspected first if you want a certificate.  

Is there some sort of financing certificate that would be value added?

If it is in a ADU zone and there is a non-conforming existing unit it is my understanding that you can do the 4 unit loan limit pending the certification of the 4th unit.  

AND if an operator is exclusively renting or offering rooms for rent through a registered hosting platform, Treasury's application for a Certificate of Registration is not required."

I got awarded tax certificate for a vacant lot next to my property. 

Does the two years "start" when I have a certificate of occupation and I move in, or does it start when I pull permits to build it?