If you physically can make the payments, then make them.

LLC is okay but I prefer Incorporated.

3) Should our incorporator remain a non-shareholder for privacy or asset protection issues?

All the law firms we work with have DD done within 15 days...inspections, etc, and mortgage commitments within 45 days of executed contract, but I do like your verbiage for the buy side and on my next short sale flip, will likey incorporate it.

Would the strategy of looking at the upcoming auctions, and then physically eyeballing properties to see what condition they are in from the outside before the actual auction date be viable?

The planners, if they are doing their job, should be addressing blighted areas, identifying them and seeking solutions.You'll find that this area of RE takes in all kinds of social aspects along with physical building issues.

I just drafted this a few days ago, to incorporate into my next rental.

The arbitrator may consider the testimony and evidence presented by the parties through any or all of the following types of hearings: documentary hearing, teleconference hearing, or through a standard scheduled hearing physically attended by the parties and legal counsel if any.

I am in Birmingham, and our legal newspaper advertises the properties by legal description and very rarely gives the physical address.

Second, we found that you have to at least physically visit the property at least once per year so it's helpful to have a good reason to visit like seeing family, friends, maybe a vacation.