Most people can provide their personal opinion but if you're seeking clarity on to or to-not LLC, you should seek the advice of a lawyer.

Does the requirement vary if you are running a management company under an LLC? 

Can vest in single owner LLC or your name.

My questions are:Should i purchase the home through an LLC?

The limited partners invest their personal capital into the deal, which makes it possible to acquire the property and fund the renovations.Together, the general partners and limited partners join an entity (usually an LLC), and that entity holds the underlying asset.

Hello everyone,My name is Britt Nix and I am the owner of Mission & Pine Property Solutions LLC, a real estate investment company located in Cartersville, Georgia.

You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities and City of Detroit Neighborhoods:https://www.biggerpockets.com/...

Or you could purchase it through a commercial loan and that doesn't mean you have to live in it or have an LLC (tho that is the safest option) Your loan term usually is shorter and the interest rate tends to be a bit more but worth it in the long run if you are trying to grow. 

Most people setup an LLC for this for the added level of liability protection. 

You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities and City of Detroit Neighborhoods:https://www.biggerpockets.com/...