This forum is meant to help other investors or aspiring syndicators.

Get it fixed up and back on market as soon as you can, for us this has meant working evenings and weekends to do so or spending extra money here and there to bring in someone else to do certain things (depends on which you value more...your time or your money).And curb appeal!

By the way, what is meant by an "off the shelf" llc?

I've always heard that a partnership agreement is meant to keep friends friends.

Sorry if you meant to presume that there wasn't enough equity to cover your position.

Both fires were deemed to exceed my insured limit so they considered it a "total loss" which meant we got the insured value minus the deductible. 

You will sign a statement stating that you agree to live in the property for at least 12 months.It's not meant as an investment vehicle.

meant to say I'm willing to split a fee

Not that I agree with such laws, they're often meant to keep out "undesirables" who are unable to rent a whole house, like minorities and young people. 

I'm focusing now on research since we have to sell the houses to have the fluid cash available, but I'm hoping the BP community can help this newbie out:1.