I always recommend to my clients and prospects to get an insurance coverage that is as extensive as possible.

An EIN is required to open a business checking account for your LLC.I would recommend looking into an umbrella insurance policy for your properties. 

if so - I recommend getting a loan approval in place before beginning to look at properties 3) Watch the  insurance  costs as these are incresing in FLA ...Good luck 

What app do you recommend to screen for tenants and collect rent?

a) Depends on above, but Detroit fits all the criteriab) Work with agents at a PMC that know investment real estate (we can handle)c) Work with a PMC that does renovations (we do)To succeed at the above, you probably want to work with a PMC that is fully transparent and supplies videos for property walk-thrus and renovation progress.

. - Flooring $4-6/SF for 12 mil click plank supplied and installed, maybe $2-5/SF for glue down.

total remodel Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Ade Akingbade so, you jumped in without looking and you're now in over your head.You bought someone else's problem without a clear plan to turn it around.Highly recommend dumping this property and taking whatever loss you have to.Otherwise, you will just lose more money trying to fix this situation when you have no idea what you are doing.Bring your funds to Detroit - which is growing!

What are some things to keep in mind, how does one do a background check, what are the laws regarding that (I'm in St Louis), any advice, thoughts recommendations etc is greatly appreciated.Thank you@Rania MutumheHi Rania,Usually house hacking is where you have a multi-family property (like a duplex or triplex) and each tenant has their own unit.  

I recommend living there and renting out the upstairs, save as much as you can so that you can buy the next one.