I would expected that rehab should be reflected in the appraisal value, but other factors such as tenant placement which are valuable to me as an investor, would not show up in the appraisal report.

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You definitely should add an attorney to your team and speak with him/her about that in more detail from a legal aspect.From a tax standpoint, an LLC doesn't really do anything for you - your share of income/losses is passed through to you and reported on your individual tax return.If you have any other tax questions, happy to help.

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The reports are 40-90 pages long and go through the entire house in great detail.Get an appraisal.

If your setback is 9 inches off, expect someone to report it.

.; he provides seller’s reports so I can better analyze the deal; if something looks good, I get my contractor involved and we all talk about it.My agent and I also have an understanding that I need to network with other agents to increase my deal potential, he gets that.

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So we just closed on a property and lesson learned we forgot to get copies of the move in reports for the current tenants.

The floors shouldn't need to be refinished from normal pet wear and tear.I personally would run the credit reports and see which one has the best credit and income and make sure there are no surprises.