Setup costs vary: Tier 1 (online services like LegalZoom) costs $50–$300 plus state fees (~$99 in Ohio), Tier 2 (with an attorney) costs $500–$1,500 for tailored structuring, and Tier 3 (with a specialized attorney and CPA) starts at $2,500 for complex setups.LLC will not save any taxes and would still be reported in your personal taxes if LLC is SMLLC.

(Inspectors are generalists, so specialists are essential for plumbing and electrical issues in older homes.)Structural Concerns: If potential structural damage is spotted, hire an engineer to assess it properly.Be Diligent and Proactive: Old homes often require extra due diligence.

How is the fee structure?

There is a % fee for withdrawing and/or closing, but that fee is capped at $250, so overall the fee structure seems reasonable to me.I'm not sure if I'm allowed to post the company's name here, so DM me and I can give you the name.

Can you afford to work with those who don't have the depth of experience, the network, the structure, and the commitment to keep you out of trouble?

I'm surprised they were able to do a 1031 under this structure.

I am not against owning real estate through LLC's,  LP's or other structures.

.😂 Point is there is nothing new in real estate transactions as it relates to how you structure them. 

You could use an LLC or even a land trust to structure this.

I’m looking for a structure that would at least allow me to break even, or create capital through something like the BRRRR method to use for future deals.