Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

Securing a good lender can greatly accelerate your real estate investing journey.

Networking with local real estate investor groups can also help identify lenders active in your area.

Low insurance" is concerning to me, as Athens gets a LOT of high wind / weather / tornado activity for unknown reasons - they just got hit again last weekend. 

Hey @Zachary Kotiadis congrats on getting started on your investing journey.

Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.

I have no doubt you’ll continue to achieve great success in your investment journey.

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

The Tenant agrees to maintain an active renters insurance policy for the duration of the lease term and any renewal periods.

Ask your trusted tradespeople (electricians, plumbers, etc.) if they know someone reliable.Local Facebook Groups & Nextdoor – Many handymen rely on word-of-mouth, and these platforms can be great for finding recommendations from landlords and homeowners in your area.Real Estate Investor Groups – Chicago has an active real estate community.