It is not a bad idea to partner with a PM, and especially if in good faith intend to work with the PM, then there is no harm in going into a contract with one if you ensure you can back out of with 30 days notice if you are unhappy. 

Even if you have a property in LLC, the activity would be reported on your personal return anyway, so LLC is doing no harm. 

Generally speaking, home owners that rent property can be personally liable for certain types of harm that occur on rental properties.

TONS of great RE people in the area and on the site, just gotta make networking a habit! 

BP-
I️ am opening another HELOC on a property this week and was wondering if the loan brokers out there can help me understand exactly how this is effectively counted “against” me in acquiring a new loan for the next ...

So you cannot take that risk, I recommend joining a team so they can feed you the business and teach you good habits, OR become a property manager.

Offer assumes there are no structural defects, foundation issues, roof leaks or other major issues that would affect the habitability or valuation of the properties. 

As far as I know, when you rent an apartment, your landlord has the obligation to provide you with a living space that is fit for human habitation.

I can’t say I know anything about how things are done in Michigan, but I would think a ‘Certificate of Occupancy’ is different than a ‘Rental Certificate’ A CO is an inspection and determination that a space is habitable.

Like, is 25K realistic for materials & labor to get 6 units habitable?