We need something to help supply, ironic that these proposals will make the problem they are trying to fix worse.

Knob and tube wiring, plaster walls, cast iron main stack.Do a typical inspection, but just like buying your own house, you are taking risk.  

I also think it's ironic that title insurance was developed to address short comings in AOLs. 

Have you been to Fuel and Iron Food Hall?

If there's a discrepancy between what the tenant says and what the seller certifies, it should be ironed out before closing.

Calculating the depreciation base, typically guided by a CPA, is the primary complexity.Except figuring out the depreciation base to use (what amount from the total acquisition cost goes for land and can’t be depreciated, and how much goes for the building/improvements to be used in the segregation and depreciation calculations, and even that should be an easy answer to figure out or get from your CPA), the rest is simple stuff your CPA will not know anyway (thus him sending you the “survey”) like, the sqft of the house, the length of the fence and if wood/iron/brick, how many ceiling fans in the house, how many cars garage, if carpet or tile in what room, etc.

I found myself in an ironic situation of always aspiring to be a guy that gets into REI with the goal of creating quality.

Most of the “deals” have no meat left on bone except for maybe a long term rental hold after repairs.They ironically sponsor a lot of the meet ups I’ve been too here in DFW.

This gives the buyer one last walkthrough inspection to make sure the home is being delivered as agreed upon and attempt to iron out any issues with seller.

Your over thinking it big time @Loren Martin.If doing LLC thinking it's going to give you some magical iron curtain of protection, I suggest you read MN state law regarding entities and how state considers them.