I do my own property management and always will: it's just my nature.

The best thing to do is get a quote over the phone by providing basic info on the property: address, year built, square footage, beds/baths, # of levels, basement/crawl space/slab on grade, cosmetic finishes, etcThe good news is Michigan’s geographic location is one of the very few states with low potential for natural disasters, winters aside.

It's somewhat formal in nature as far as how it's run, but it's a well-oiled machine. 

Such is the nature of the market- it is the buyer's responsibility to understand due diligence. 

I'll watch this thread for sage advice.

Armed with the data in these 5 books, an investor will naturally know their next best steps in their investing journey.

The 1920's age is not an issue for insurance as long as it is updated. 

The structure of that partnership - whether LLC or LP or GP will depend on the level of investment and what you want the nature of the partnership to be.  

It's a mixture of risk tolerance and human nature. 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.