I have a solid understanding of investing in a broad sense, especially in traditional paper assets, but as for real estate investing experience, I'm as new as they come.

I achieve more than adequate protection through the responsible acquisition of liability insurance property specific and umbrella, and I do it at a tiny fraction of the cost and hassle that an array of LLCs would cost me. 

I rent to a various array of businesses so that has been a Learning curve too.

@Ameen Al Qudsi - The "real estate field" is pretty broad.

@Marc Faulkner I came across this site & some of it is relevant to your concerns....In Michigan, MHP Justice has "sprung up and it has a very broad agenda..."

This property was brought to me from out of town for a flip potential. I am brand new to the game and was hoping to get some advice/input from the BP community. My first question is, based on the couple of photos belo...

If you have enough rental demand in your area and are satisfied with the income, I'd be tempted to leave it alone  until the time it's very outdated and/or  just so worn out that it needs renovating, at which time you can  make the changes you want.Hi Ed , The end goal is a flip - Absolutely no weightage to my preferences :-) Just want to appeal the  broad customer base .I agree 200% with you on rentals , I just do the bare minimum - Even in high price neighbhorhoods , renters have pretty low expectation , i just buy for investing and havebeen a renter for 5 yrs . 

As you said, the Q1 look good on paper because, broadly speaking, we didn't begin seeing the large economic impacts of COVID-19 until mid-March here in Wisconsin.

I guess what I see in this discussion is that when you make general statements about a broad topic based on a limited amount of information, you will get disagreement!

To simply say manage is a broad scope of business but is also rather limiting as you may want to buy and immediatley sell a property sometime, that may not meet the scope of business to be conducted and thereby lose the benifits of your LLC if something blows up in such a transaction.Just saying, I prefer to cover the bases specifically, buy, sell, trade, exchange, construct, repair, improve, demolish, develope, lease, sub-let and manage, borrow, advance or lend money and to do all other things necessary and/or related thereto as allowed by law.Doesn't mean you must do those things, just that if you do, it is within the scope of your regular business to be conducted.