Our non-debt costs are as follows:Insurance: $42/monthProperty Taxes: $125/monthProperty Management Fee: $150/monthIncludes renter insurance for tenant, home warranty for appliances, weekly external visual inspection, quarterly internal inspection with tenant, annual maintenance of property's systems (HVAC, flooring, etc.) and some for CAPEXTotal monthly non-debt costs = $317 which is 24% of the gross monthly rent. 

With that in place and the umbrella policy, we should have a decent deterrent against lawsuits.

Write an offer, contingent on inspection and visual inspection.

That can put an unexpected stop to your cash flow.Personally I would like to visit the property and at least do a visual inspection.

I want a visual of it and google maps street view shows only trees.  

However in BP *RSVP every thing you share here and elsewhere: *(READ, STUDY, VISUALIZE, PRACTICE.) 

Might get more showings, but then they still need to visualize when then get there.

I’m a super visual person and my first impression is that the exterior does not match the beautiful interior.

By no means should this question be deemed as a deterrent for investing in Real Estate, as ideally you would buy below market value and avoid being upside down during a crash.This question is sometimes area specific, but I’m curious to hear everyone’s opinion.

If you had a mortgage (the note itself acts as a litigation deterrent) and little equity, an LLC might be overkill.