@Chalawndra Jones, One thing is certain - whether or not you let a PM handle your rentals you need to account for that expense. 

Additionally, they handle all late payment notifications, they run the eviction process (and charge the tenant where applicable), etc. 

I was wondering how you handle depreciation and mortgage interest if a property is in an llc.

He gave me the contact info for the attorney handling the case, but this attorney won't pick up the phone!

They will handle your contracts after you make them privy to your plans!

Looking forward to seeing the different ways that folks are handling this.

He could have hustled to do every deal that came his way but he was content now doing what his crews and cash could handle and helping people like me do the ones he couldn't get to in time.

The one question you should ask yourself is if you are knowledgeable and skilled enough to handle all the construction on your own or if you will be better off having a licensed general building contractor do the work for you.

I can handle some repairs.  

I spoke to a couple of insurance companies regarding insurance, and because of it's current state, they will not write a policy on it…once it is habitable they would, but not right now.I'm sure I'm not the first person to experience this, so looking for thoughts on how to handle insuring the property while I'm making it habitable.