As you can see in the photos, I placed stepping lumber so I dont fall, in addition to tethering myself to an anchor in the roof.

Additionally - this would be our very first investment property that happens to be out-of-state as well. 

Or hire them to walk a property and make decisions quickly. 

Essentially at that moment you own them outright and could sell them without additional tax. 

Yes, insurance should be in the LLC's name in this instance and you should also have yourself as an individual and "yourself, Member" listed as additional insureds.

@Nicholas L.Of course, additional rules won't protect 100% but at least something to use if anything goes wrong because my last tenant cost me more than 7K to repair. 

Hi Chad,As other have stated, you'd probably get 75% LTV at best assuming you are walking away with cash. 6 months+ is the general stand for seasoning requirements, but some lenders can do 3 months.

And keep in mind this is in addition to your normal tax liability.

will add it to my template response for why house hacking is better, why it works in expensive markets, and how the goal is not to 'cash flow.'

We measure and/or inspect...and a quick walk through would identify that level of discrepancy.