You’ve received some great responses full of valuable information, but I believe you may be missing the BEST market.  

However, if you inherit it through her estate, you receive a stepped-up basis to its fair market value at that time, reducing tax liability upon sale.Gifting it now has no immediate tax consequences unless its value exceeds the $18,000 annual gift tax exclusion (2024).

Hi Tio, I don't think hiring a professional designer is wise as it will cut into your margins and sounds like you have a tight budget. 

Maintain detailed records to substantiate deductions for materials, labor, and expenses, which can significantly reduce taxable income.While an S-Corp provides tax savings, it also requires payroll management and compliance with formalities, making it essential to stay organized or consult a tax professional for ongoing compliance.This post does not create a CPA-Client relationship.

Yes I did receive the funds which surprised me a little. 

You will not be refunded any of the UFMIP if you refi unless you refi into another FHA loan, in which case you will receive a partial credit based on how long it's been.

The company lists single family homes in certain targeted markets and, through their “knowledgeable investment counselors,” put sellers (the owners of the various properties) and buyers (who they educate, prepare and counsel) together and in the process Norada Real Estate Investment receives a marketing fee.

Additional Considerations:Professional Development: My wife's workin on obtainin real estate professional status.Education: I'm considerin pursuing the Certified Commercial Investment Member (CCIM) designation to enhance my knowledge and network in commercial real estate.Request: Any thoughts on the CCIM designation or other groups that could support my growth?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hello BiggerPockets Community,My name is Shawn Himes, and I am excited to join this vibrant network of real estate professionals.