Hey guys,Any of you know RE and / or Insurance attorney in Michigan ! 

UNLESS its just a straight cash sale chicken guts feathers and all on day of closing then any old contract will basically do.. they either pay your full amount and you deed to them with title insurance or they miss the close date and contract expires.

But you need to be careful - some of the really good deals were severely flooded in the hurricanes and many require hefty flood insurance.  

I purchased a flood policy today (there is a 30 day waiting period after applying for a policy) so my insurance will take effect April 1.  

Basically saying that good liability insurance will do the trick as LLCs are easily pierced and just complicate the lending process. 

I had the same thing happen to me, but I ended up  adding a property management certification to my real estate license, made sure my broker allowed and was insured for property management and made it completely official.

Big insurance premium difference. 

So far I have 1099, Advertising & Marketing, bank charges & Fees, Capital Expenses (for remodels) Car & Truck, Contractor, depreciation, donations, Employee benefits, insurance, interest paid, inventory assets, job supplies, legal &professional services, loans/points, meals & entertainment, office expenses, Rent & lease, repairs & maintenance, salaries & wages, taxes & licenses travel, utilities.

If you need any connections to contractors, insurance agents, title companies, appraisers, deals (off-market single families, duplexes, fully renovated turnkey properties, multifamily properties, buy and hold deals etc I have several deals that come across my desk each day), recourse and/or non-recourse lenders, my opinion on potential properties you are analyzing to buy etc I am more than happy to help you. 

From the seller, definitely get history, insurance, tax info, any planned special assessments, major repairs, any warranties (foundation, waterproofing, roofing, etc), a copy of all leases to review as part of a formal accepted offer, etc.