When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

Also note that when you formed/purchased the LLC, you weren't married yet. 

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.

Purchase price: $545,000 Cash invested: $545,000 New Construction Duplex - Beautiful Design and very nice curb appeal. 3 bedrooms 4 bathroom - All bedrooms have private bathrooms.

They claim to market on dozens of online channels, and they seem to know the right amenities to feature, have great design, services, experiences etc.

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.

I can provide him with an online log in so he can review the books from his office.

I sunk a large amount of capitol into these when I purchased them just to make sure they were nice. 

Purchase price: $839,000 Cash invested: $83,900Bought an up/down duplex 4 blocks south of Sloan Lake.

If you've got to ask a question on an online forum about managing an out of state or out of country renovation, you aren't ready to do this on your own.