Parts of Detroit Proper are awesome.

No you dont, you might want to involve a lawer to make sure that your transaction is recorded properly. 

Hi Everyone,About to rent my first condo, can you please let me know if there is anything else i should do to properly vet the tenant. 

I am waiting for probate to close for my seller, then once the property is in my sellers name then I will execute the deal.

I'd suggest building a strong relationship with an agent who can give you proper after repair values as well as understanding if homes are moving in the market.

My wife and I have our LLC set up, but want to make sure all of our ducks are in a row and we are protected properly.

Where can I get the proper agreement/assignment/purchase and sales/rental agreements?

I would for sure add some research to why you're going to be executing some of the initiatives in your plan.

I respect everyone's point of view; to be honest I'm surprised this guy continues executing this strategy (and putting so much of his personal cash at risk) based on the above feedback.Look- I appreciate the advise greatly, and based on more experienced views I won't be moving forward on this..

If you think something suspicious is going on, contact the proper authorities.