Wanted to reach out to the community and make sure it wasn't a necessity to create an LLC as soon as possible because I would like to make sure I hedge my risk as much as possible in case an emergency would occur at or with a property I purchased and own outright, thanks. 

In Canada when housing prices went up, new mortgages started to emerge to increase 'affordability'-ie allow people to get 30 year mortgages, so they could afford to buy a home. 

It has middle-of-the-road tenant/landlord laws—evictions do take around 3-4 months, but there's a clear process to follow.Beyond that, Detroit is an emerging market with a lot of potential.

Or if it's an available product and they run short everyone is on pause while someone runs out on an emergency basis to buy more of whatever and you have a crew sitting around doing nothing. 

Any upcoming or emerging markets that should be on the radar?

This could happen in an emergency scenario so it is good to know what the numbers look like.How do you account for depreciation from the cost seg that was offset by rental income cash flow over time?

Emerging Market OpportunitiesOut-of-state investing lets you tap into emerging markets, which often experience rapid appreciation.

Several emerging neighborhoods present excellent opportunities, with 32204 and 32068 currently being standout, high-demand areas.Best of luck with your search!

Tell them you want to approve any non-emergency repairs as you might be able to handle them yourself.

Having financial buffers for emergencies is essential.Good luck!