After hearing them explain it, my mind immediately started spinning and imagining all types of ideas to support some of my future real estate business plans.

After experiencing different types of inspections with all kinds of properties from custom builds to existing, it all depends on your end goal , I highly suggest you reach out to a team, really strong team such as @Jorge Vazquez.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

I target traveling professionals who are willing to pay a premium for a turnkey rental.What made you interested in investing in this type of deal?

My investor plans to turn this into a nice 4 bed home with the goal of selling between 250-275k What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

You can read it for yourself:https://www.hud.gov/sites/documents/DOC_7780.PDF However, there are variables to consider.

It can be any type of real estate including something that might not be a "rental" so to speak. 

What type of RE investing excites you the most?

Also avoid certain types of rentals-the C and D class are more likely to have higher turnover costs as they attract a lower quality tenant.