I disagree, I had a time when my name and the name on the insurance didn't match and the lender was all over it, regardless of the on-time payments.Your best bet is to refi into a commercial loan that allows the LLC (if you've already purchased the property), or close directly with a commercial loan / DSCR loan.

This means the value will be at the low end of the comp range

They can take care of a lot of the monotonous tasks, and even do things like send leases, screen tenants, add rent charges, pay utility bills, the list goes on. 

It gave me a solid foundation for understanding how to manage contractors and deal with the logistics of projects.

I’m doing out of state too, might bounce some questions off you in the future. 

Quote from @Arun Maheshwari: Hi,Does the bank owned foreclosure property allows to put Inspection contingency for big issues like plumbing, eletricity etc.ThanksIf it is bank owned and the foreclosure has taken place - possibly but they would make you responsible to turn on power and water and turn it back off.

Any recommendations for contractors in the Atlanta area that preferably work with out-of-state investors?

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

I was hoping this was going to happen so I wouldn't have to take time out of my day to send in the BOI on all of my entities!

@Steve Smith do you create an LLC to be the beneficiary of the trust?