The money that is lent to the LLC creates a mortgage and there are several layers of protection for you and the property and the QI.  

I can't think of exactly how the quote goes but it's something along the lines of "If you pay a brick layer by the hour, he will work a million hours.

They're going to own the POD that the personal property is in and that will probably bring on another layer of rules you will need to consider.

Not to say you can't find deals but by the time it's hit Zillow it's probably already gone through a few layers of investors.Best of luck!

ours protects us from a product liability like a LP siding issue that type of thing or the house settles and cracks like humpty dumpty... we can also buy 2 and 10 that goes with the owner.. like a home warrenty..Insurance is such a racket these days.Our subs have G L and have to name our GC.. then our GC has to name us then we have to buy our own.. so 3 layers of insruacne and about 4k per house for this.. and people wonder why building cost are going up up up

While removing the carpet, however, i discovered underneath the carpet was a layer of stick on tile, then hardwood floors.

As a few have mentioned before me as well, building your network is vital.

It's already a first investment for you, it's out of a state, layering a "value add" scenario just increases your risk profile.3.)

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

The house is also over 100 years old, and there are three layers of flooring in the kitchen - dining area:) So, we'll see.