To file Form 1041, you would need to obtain an Employer Identification Number (EIN) for the estate.IRS Reference:•Final Form 1040: Report income up to the date of death (per IRS Publication 559).

Depending upon the size of the deal a hard money loan might eat 25% of the profit.

Expect to pay $5K-$10K per inspection depending on the building size.

I am not suggesting investors shouldn't use entities, but the entity formation structure @Carlo D. described is more  complexed than the formation structures my last employer utilized and they owned a portfolio that exceeded $1B.

Also, we have witnessed a lot of tenant applicant fraud related to income verification and employment, in addition to identity theft.

Rather, and as Michael alluded to, they take a one-size fits all approach to these things.

Depending on the size we may partner with 1-2 people so that’s another aspect I am looking into as well.  

SFH deal with schools, jobs, paint color, yard size, etc.

What kind of deal sizes are you working on?

Anyway, Florida is really high right now in general but there are some pockets where you can get a decent sized almost beachfront house for 500kish.