And be careful with HOA's - I can tell you some interesting stories about a Co-op rental in Florida.  

Even if the LLC is technically buying the house, they'll have to sign personally for the mortgage and from what I understand banks try to limit co-borrowers to 2 or so.Does anyone have any experience setting up such a group?  

Web, Direct Mail and Referral/Co-wholesales are my three top ways to get deals. 

I have been sued, lot line adjustment not properly recorded by the title ins. co. on a sale previous to mine so technically it was misrepresented to me when I purchased.

An "allowance" is different, sometimes an "allowance" is used to fast track the process of proceeding small unforseen changes such as rotten subfloor, but, it is still either entered into a CO or T&M.Maybe this will help you on how you structure your contracts and follow industry standards, in case you run into trouble, you'll find yourself in solid ground.

It's not that no one does it, it's that a lot of companies are avoiding it.Also, everyone in Baldwin Co are very busy at the moment.

I'm planning to buy a foreclosure in Colorado.

I've been through this and you have received some good advice, as others have said contact your ins co and a private fire adjuster they wont charge anything to come out and give advice, even if you hire them it still wont cost you, they will work on your behalf. and also get several at least three estimates for complete repair. because if you do go through your ins co, you will need those to get your full amount. and as mentioned your company can subrogate against her renters ins or her personaly.Good luck and be strong

I feel the Colorado market is too prohibitive based on the cost for someone just starting out.  

Creative things buyers can do to purchase a home1. gift funding2. selling and refinancing existing assets3. non-occupant co-borrowers4. using a 401(k)5. temporary IRA transfer6. pledged asset mortgage7. equity transfer and bridge loan8. employer assisted mortgage3.