Depending how much you're outsourcing for the rehab, the speed of project may vary. 120 days is a good target but if you can get it sold in 90 days from the purchase closing date, that's solid.

@Gary Schiefelbein It depends on how passive or active you want to be.

That in large part depends on your income.

Depends on where the property  is located as well.

However in general whose liability it is depends on who removes trees.

The purpose of the LLC is for liability in case or lawsuit, with 1-5 property depending the amount of equity you have, I would simply buy an umbrella policy.

Hi, @Mel Hayes.I agree you are probably paying too much depending on the coverage you want.Have you asked you property manager if they have a master policy? 

Depending on what you are looking for (appreciation vs. cash flow), I should be able to give you some pointers on areas to look at (albeit not as well qualified as a realtor could give you).Eric

The answer depends on whether you will be keeping the property and renting it or making some improvements and then selling it.

Your closing  will likely be under 2,000 depending on how the property taxes calculate out and the time of year they hit.