I’m looking forward to connecting with other flippers and learning from their experiences.I haven’t invested in areas like Little Rock or Fayetteville yet, but I’ve been seriously considering starting.

I don’t have a lot of money right now and I was considering putting my current home up for rent and moving into a new home in a new location. 

The agent's compensation is negotiable and 6% may be more common if that includes the buyer's and seller's agent, but if the 6% only covers the selling agent, then that's a greed reach especially considering it's a 2m+ sale price.

Following this, I consider it another pro of our situation that I have the ability to do significant property renovations myself, and between my wife and I, we make a pretty good design team.

If you plan on keeping it a long time I may wait to fix it but if its something you would consider selling in the next 5 years I would get it fixed as going to sell it you will need to repair it and costs to fix this are not gonna get cheaper as time moves on. 

Because the original value of your closed loan was based on renovations being done, there is no additional value to use for the removal of the PMI.Maybe consider refi to another lender who will order another AVM or appraisal to get you a more desirable LTV. 

If it wasn't, then you should consider covering the cost until you can correct it in your next lease.

I have considered the LLC and will likely put the properties into the LLC once I own a few more properties.

Quote from @Natalie Allie: If you are still considering the Land Bank in Detroit listings, just be careful to check with the city on whether or not the water needs to be reconnected.

Just wondering, are you only looking at single family properties or considering multi-family too?