The mortgage is in my name (my parents' names are not on it), so I'm looking for the best way to make this happen. 

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.

IMO You should never own a rental property in your name.

That's sweet.

You need to rewrite the entire policy.If it was insured as a rental under your personal name, then transferred to an LLC, the insurance carrier would pay covered claims.*** Please note, the claim check would be made out to the Named Insured (your personal name), not the LLC.  

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Flagstar may exercise the "due on sale" clause if the name(s) of the buyer are not the same name(s) as the members identified as the owners of the LLC.

Mid-term rentals could be a sweet spot between short and long term depending on where you are and what your market looks like.

My name is Tyler Edmister.

Quote from @Reeves Bennett: My name is Reeves Bennett, and I am a real estate investor and entrepreneur based in Wynne, Arkansas.