You can close in the business name/LLC here.You are not required to have your investment property in the business name, however, some lenders and bank may require it if they are a purely business purpose, lending institution who servicing companies, mandate commercial purpose only.And yes, finally you can get landlord insurance.I recommend shopping around and comparing a few quotes to get started happy to connect to talk further strategy and detail.

All of these are possibilities, and all have their upsides and downsides.But, at the end of the day, if you are thinking of this purely as an investment, particularly passively, it is not the highest yielding investment.  

Cap Rate: Not influenced by financing since it ignores debt and focuses purely on the return from the property’s income relative to its purchase price or market value.

Carpenters will charge a lot more to do this demo than a demo crew, on a purely $/hr basis.  

I agree that peace of mind is more important than pure cash on cash return

This is purely for research purposes to be able to create something truly impactful (I am not promoting or selling anything).

Also, good point about it potentially being more than the estimated 3 days once they get in there, I hope not.With all that being said, I am trying to be as unbiased and remove our “history” so to speak with these tenants regarding our decision for reimbursement, and making it purely about what is legally required and appropriate given the repair.

But sometimes you have to look at it from purely rational and business perspective.

As such, the only "deals" typically require extensive renovation, because anything that is purely surface level retail buyers will likely outbid you.  

If you are purely doing it for investment purposes, it might be wise to consider not living in the unit so you don't need to divide everything up.