It was a 3 bed / 2 bath everything else looked great.Furnace was good, roof was brand new, water heater was new, freshly painted outside, was going for $200k in a $500k neighborhood.

Roofs last a certain amount of time, water heaters, furnaces, etc.  

The bottom of the door had rotted and apparently rain water could get inside.

Fill the hose and the water will level itself on both ends.

Learn basic terminology to stay out of hot water.

The crowdfunding platform will form a separate LLC to pool the investor money, and they will own a percentage stake in your property-level LLC.As for the state that it is formed in, maybe an attorney can comment on the advantages of separate states but my experience is that I would form in either the state where I'm located (Illinois) or in the state where the property is.  

I'd purchase a pool of NPN"s and work them out to either become performing or sell them off as REO's.  

I have a condo in Washington DC and water damage from rain somehow leaked into my unit and damaged the floors.  

The factors I'm thinking about range from "location", "amenities", "used vs. new", "lot size", "pool, etc.".

Problem is this house has a large in-ground pool.