I set up LLC's for each property so I will be insulated, whether my investor decides to do so or not is their call.

They are not one and the same and they were built to have that insulation.

Licensed structure engineer report.Plumbing, dryrot (siding), termite. wall and attic Insulation.  35-50 year old home roof material warranty, gutter 10 year labor warrantyElectrical panel inspection, 100 amp circuit breaker.....100 years any tree in front.

@Jay Hinrichs@Jason LeeNYC is FAR different than any other City when it comes to Real Estate.There is no City Wide MLS but rather several MLS that a Brokerage can become members and NAR is not one of those.The MAJOR MLS's are:REBNY - Real Estate Board of NYThis one is for MOST of the expensive areas of Manhattan and BrooklynBrooklyn MLS - This one is for the other areas than the expensive areas of BrooklynLong Island MLS - This one is used primarily for Queens, NYCStaten Island MLSThen there is StreetEasy, Craigslist, etc.Because there are SO many MLS.... it is easy for a Broker to list their Property on one MLS and then not follow the rules of the other MLS that they belong to.I don't think Jason really understands the level of corruption and Games that Brokers play.Because I started a Brokerage as I became a Broker and I have been an Investor for 21 years in the Brooklyn Market, I have seen a LOT of it.I thought I really understood it until I opened up the Brokerage Office.Now I think I got a full understanding and I know what to do to ensure I am fully insulated from the Games that are being played.Brooklyn, if not all of NYC, IS the Wild, Wild, West of Real Estate.I resolved a very difficult situation just recently involving a $400k Earnest Money Deposit.

Taxes are $2200 a yearShingles updated in 2016 Insulation and siding 2016Boiler 2006Windows 2000-2021

Then they will inspect framing, insulation/Vapor barrier , amp final inspection.

For instance you could hire a carpenter that can get your cabinets, roughy framing and drywall done but they have to hire out insulators and painters while typically adding 10% on top of their price. 

It was a grind to get there and will be a grind to get to where I want to be (which is transitioning to being a broker at CB and owning a couple of rentals to remain insulated from the inconsistent paychecks when being a broker) but when surrounding yourself with the right people has made those goals more within reach.

After home inspection, the condition is not that good but acceptable, has Asbestos problem, missing insulation on the roof, couple of pipes need to be replace and also water heater tank, the basement has bathroom but no permit.

Also make sure the water pipe(s) under the house have insulation and maybe electric heat tape on them.The one that was on fire happened because the owner had installed air conditioning.