It is vital that you have a high-level of trust in a relationship and this is a prime example of why you should never take anything on faith.  

The only major difference I can think of is an extra layer of coordinating with someone local (e.g. their contractor, project manager, local assistant) to walk through the property to verify everything.Hope it helps!

C.undefinedInvesting in Realestate it is vital that you understand the numbers.

Roof has 15 years left on it, and only one layer.  

We also have relationships with a number of mortgage brokers, and they are very helpful in leveraging their relationships with banks on our behalf.Don't overlook the brokers, as they are vital to your success.  

@Tammy Vitale thanks for the comment, you said you were always a investor.

Or, possibly selling the property and doing a 1031 to defer the taxes or doing a short sale.As you can tell I am fairly new to RE myself so I am looking for some quality ideas from experienced pros.I may have left out some vital info because of my ignorance on the subject.

There may come a time in which we wish to borrow against this property, or this one plus others, and the bank is saying this will be easier done if it is in our names instead of an LLC.We do have another layer of protection in place, suggested by our lawyer.

To the investor, how is this different than just hiring a GC, other than the fact that there is an extra layer of management, communication and expense.While the value to you is clear (you make money), the value to the investor isn't clear (versus just hiring a GC).

They are acting as an agent without the laws, ethics requirements, education, and insurance that are vital IMO.