One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

Whether you are a 1031 exchange buyer of a replacement property from a foreign taxpayer, or you are a foreign investor selling as part of a 1031 exchange, you should consult with your tax or legal advisors well in advance of the closing.

This is an establish market in an area which is number one destination for North American tourists.

You want to avoid stepping into the role of financial advisor for the seller unless you are an actual financial advisor working for them, but it seems to me that this persons best move would be to actually pass the property on to his heirs using what’s known as a stepped-up basis for cap gains tax. 

LinkedIn has proven to be a valuable tool for establishing connections.

My name is John Williams, and I'm reaching out to introduce myself as a wholesaler actively seeking to purchase homes and establish connections with cash buyers like yourself within our community.

It's essential to consult with a tax advisor to understand the specific tax implications and explore strategies to minimize taxes, such as timing the sale or offsetting gains with losses.Real Estate Investing: Flipping and short-term vacation rentals can be lucrative real estate investment strategies, but they also come with their own set of risks and considerations.

I would first get clear on where you are heading, and how much you are expecting to clear from your sale in order to better establish a buy box for the replacement property.

Im looking to get in touch with wholesaling teams in the area to establish my self as an investor friendly agent.

Talk to other investors, pose questions, and establish connections.Speak with Local Real Estate Agents: Make contact with Upstate New York and Ohio local real estate brokers that focus on investment homes.