I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!

It would be a way of leaving an inheritance that's all wrapped up in an income producing bow. 

I can update flooring or touch up the kitchen, but no roof, plumbing, HVAC renovations.

I know that RTR positions themselves as “turnkey” but the reality is that they are more of a hybrid model - they set you up with everything you need and facilitate relationships with lenders, insurance, property managers, and so forth - but they are not the actual service providers.

That will probably be your best bet, to buy a fixer and get it cleaned up and then rent it out.Best wishes and good luck with your endeavors.  

I have done my research on setting up the proper entity structure in the US and Canada but I really confused about all the options available LP, LLP, C-corp, S-corp.

I plan on humbly taking any and all information but most importantly, using this information and never giving up.

Those issues can usually come up during an inspection.You won't need floor insurance unless you're in a FEMA flood plain.

That brings up another issue, you can test your subs by where they use grout vs caulk.Depending on your strategy, buy right? 

Is there anyway to defer taxes on selling a business or do I just have to suck it up and pay the capital gains?