@Scott Mac you've got to know where to invest in Detroit to avoid getting taken advantage of or just plain making a big mistake.Detroit investing is block-by-block, which is difficult for OOS investors to do.Zip codes are statistically too big.That's why we've spent considerable resources ranking Detroit's 183 Neighborhoods. 

If you have any claims or some list particular claims in that time frame they will not accept new business from you.In speaking with the product managers I've given the example of a client with 50+ locations paying over 45k per year in premium having a claim for $10,000 and would they take the total account into consideration when this client buys another property... the answer was a hard no. 

There has been a considerable amount of foundation work done (addition for piers, leveling, etc).

This does not take into consideration teams break down and brokerage pyramid splits.With all that being said.

yeah that is exactly what I decided to do, write an offer taking into consideration a major repair needed

It is a duplex that needs considerable cosmetic work on the one side.

I'll put them down in my notes and take them under consideration.

However the only reason why I have 25% as a consideration is VA home loans have a lot of stipulations like needing to be my primary and live in the house for a least a year. 

You can keep all your properties under one roof, so to speak.Cost Considerations: Keep in mind that setting up an LLC comes with some costs, like filing fees and compliance stuff.

A secondary consideration is also resale value.