I have come across an opportunity to acquire a large quantity of vacant land at a very minimal cost.

Personally, I think going the LLC route prior to having the portfolio is jumping the gun, with minimal to no benefit, and makes things (financing) more difficult.

Their expertise minimizes your risk of a bad situation, and your choice of project will be less of a shot in the dark. 

Your tax hit is minimized but you're also paying down debt tremendously fast.3.

Looks like I am at minimal risk for flooding so I will probably hold off for now.  

I use IG and FB personally with minimal use.

Real estate is one of them because the rental income should continue to come in with you doing minimal work.

Purchase price: $50,000 Cash invested: $20,000 We bought our first single family home, a 2/1 with minimal work needed.

(All of this is assuming you have minimal experience and this other person has been investing in real estate successfully for years.

You might not owe that much tax because the gain will always be taxed as long term capital gain in the inherited property, and Depending on your tax bracket, you might own 0% tax or max of 20%.You need to ask your aunt what is her basis was and ask if any work was done to house to minimize your gain.