Maybe the claims were for personal property loss or theft and not for damage to the structure at all.Before you make this a big deal and potentially lose your earnest money deposit, have a conversation with your real estate agent.

Personally, I like to concentrate on good structurally sound houses that will cashflow.

How do you structure the contract?  

A LOT of them have the notorious baby blue or pink bathrooms...

How the income is treated has little to do with the entity structure.

I would like to know if this is possible. Let's say that I have a property under contract for 40k and the ARV is 100k. If i get the property under contract in my name and then assign it to an LLC for an 10k assignment...

This usually has $500,000 in liability, around $160K for structure and includes earthquake and a little medical coverage, thief coverage and loss of use coverage....

I'm trying to structure this so that I can get the property, but without knowing the executor, is that even possible?

And so you don’t get confused, your company can have virtually entity structure, down to sole-proprietorship.A longer answer is contained in this thread: Does anyone use a Checkbook IRA LLC?

I've called a structural engineer to make sure it wasn't a foundation issue and he did say this was not a foundation issue, but more a cosmetic issue.