Are you wanting students that are aging out of foster care or people with mental health issues or seniors or... there are lots of options but I’d be nervous about why it’s vacant and being foreclosed.

Habitability is the condition of a unit in which tenants can live free of serious defects that might harm health and safety. 

Unless it’s frangible (deteriorating), asbestos isn’t considered a health issue.

@Mark S.Something personal could have happened - like a family crisis, a health issue or even death.I like @Michaela G.'

And, depending on your water source, a well permit and quarterly testing for the Brevard Health Department.All the permits total around $500/year.I own several units in the Melbourne Beach/Space Coast area so I'm familiar with the local laws if you need some more info. 

I'm really worried about this, in addition to being worried about my moms health, I'm a mess.

Half of the questions I could research (asking my insurance agent for a health insurance quote, for example), while the remaining questions I concluded could only be answered after I took the plunge.

There are some reasons why flipping might be better in an S-corp (in terms of expenses, salary, maybe formation of health plan and Solo 401K, etc.), for which you should consult a knowledgeable CPA, but those revolve around shifting areas of taxation and deriving additional benefits.You'll want to do your flipping in an LLC (and if you plan on doing multiples, you should look into Series-LLC) for liability purposes (,  so that if a buyer of one of your flips comes back years after the sale with a lawsuit, you are protected).One way or another, the money gained from flipping is active income and you'll have to pay taxes for it.

Some of my pros and cons for leaving current employer versus staying;ProsGreater growth potential as self employed Realtor;More access to marketing tools;Can start building RE business off of the affiliatIon of a more reputable firm; More practice by repetition; Learning opportunities in the public sector (government contracting for corporate housing)Cons Leaving a more secure job (hourly wage, health benefits, PTO, etc.) 

Nice cars, big house, sweet monthly vacations, eating anywhere and everywhere I want (#singlelife)then after that I'm all about just paying for more time with family, future kids education, health, relaxing.