Your dad can help investors flip houses without having any skin in the game.

I am not going into those, since I haven't fully reviewed them yet, but those might provide more options to your situation.That's some info and #'s for you to chew on.

So I ended up calling the la county assessor from the link you provided.

My current insurance provider is quoting me for an HO-3 policy.

.#4 - If you could provide figures or ball park figure to the repairs known to the property.

I totally agree, build that skin-tight paper trail and stay bulletproof!

Two lenders who provide construction debt may offer the same rate and origination fee but one may be better in for-sale scenarios and the other for opportunities where the intent is to hold long term. 

In 2011 I bought a property in Garner for about 56% of list value and received an inspection provided by the seller.

Transferring the deed around only serves to provide basis for using the LLC as an alter-ego.And, assumedly you want the anonymity from the WY LLC. 

I’m trying to connect with more sources for distressed properties to offer clients for investment opportunities as I start to educate myself more so I can provide this service.